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    Question

    A company issues 20,000 debentures where only 15,000

    debentures are underwritten by Mr. X. After completion of the application process, the company found that marked applications are only 10,000. What is the underwriter's minimum liability for subscribing to debentures?
    A 20,000 debentures Correct Answer Incorrect Answer
    B 15,000 debentures Correct Answer Incorrect Answer
    C 5,000 debentures Correct Answer Incorrect Answer
    D 10,000 debentures Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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