A. 20,000
B. 18,000
C. 15,000
D. 12,000
Correct Answer:
Option A – 20,000
Explanation
Allotment = 500,000 = 0.4 or 40%
∴ Each subscriber would get 40% shares of what they applied for.
∴ 50,000 x 0.4 = 20,000 units
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