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Capital Brokers Ltd underwrites an issue of 75 000 ordinary shares at R4,50 each in...

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Accounting

Capital Brokers Ltd underwrites an issue of 75 000 ordinary shares at R4,50 each in DebtCor Ltd. The underwriting commission is 9%. Required: If the public takes up 45 000 shares, please calculate the commission payable to the underwriters and motivate your answer?

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