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Dekra Ltd underwrites 80% of an issue of 1 750 000 ordinary shares at R12 e...
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Dekra Ltd underwrites 80% of an issue of 1 750 000 ordinary shares at R12 each in Solly Ltd. The underwriting commission is 8% and the public takes up 1 500 000 shares.
Required:
Calculate the commission payable to Dekra Ltd?
0%
0%
0%
100%