What is the nominal value of each share?

Use the information below to answer this question.

A limited liability company has an authorized shares capital of 50 million splits into 100 million shares. 80million shares are offered for subscriptions at 60k per share in full on application. These have been fully subscribed on issue

A. N2
B. N0.80
C. N0.60
D. N0.50

Correct Answer:

Option D = N0.50