WAEC Commerce 2020 Objective — Question 28
Question 28 of 50 from the West African Examinations Council (WAEC) Commerce 2020 Objective paper, with the correct answer and a full explanation.
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The issue of shares which allows existing shareholder's to buy shares at a preferential price is
- A. an issue
- B. offer for sale
- C. public offer
- D. rights issueCorrect
Explanation
When existing shareholders are given preference treatment, then it is a rights issue.
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