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WAEC Commerce 1993 Question 15

Question 15

Business Finance

What document is issued by a public limited company when offering shares for sale?

  1. A.Proposal forms
  2. B.Policy certificate
  3. C.Prospectus
  4. D.Quotation
  5. E.Memorandum
Show the answer and explanation

Answer: C (Prospectus)

Explanation

A prospectus invites the public to buy shares and gives details about the company.