When shares are oversubscribed, the promoters may decide to scale down. When this is done, the shares are issued proportionately
A on pro-rate
B at discount
C at par
D at premium
Answer is A
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When shares are oversubscribed, the promoters may decide to scale down. When this is done, the shares are issued proportionately
A on pro-rate
B at discount
C at par
D at premium
Answer is A
