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WAEC Commerce 2006 Question 14

Question 14

Stock Exchange

When the public wants to buy more of a company's shares than has been offered for sale, the share is said to be

  1. A.rights issue
  2. B.over subscribed
  3. C.quoted at a premium
  4. D.over-valued
Show the answer and explanation

Answer: B (over subscribed)

Explanation

Applications for more shares than offered make the issue over-subscribed.