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WAEC Commerce 2018 Question 2

Question 2

Business Units

A document through which invitation is extended to the public to subscribe to shares is

  1. A.articles of association.
  2. B.prospectus.
  3. C.memorandum of association.
  4. D.quotation.
Show the answer and explanation

Answer: B (prospectus.)

Explanation

A public company issues a prospectus to invite the public to buy its shares.