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WAEC Commerce 1991 (August) Question 11

Question 11

Stock Exchange

When more shares are applied for than are offered for sale the offer is said to be over

  1. A.issued
  2. B.floated
  3. C.subscribed
  4. D.valued
  5. E.traded
Show the answer and explanation

Answer: C (subscribed)

Explanation

An issue is oversubscribed when applications exceed the shares offered.