WAEC Commerce 1999 Question 12

A Public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realised only 50% of the amount due.
What is the company's registered capital?

1. A.N50,000.00
2. B.N80,000.00
3. C.N200,000.00
4. D.N400,000.00