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A company was formed on 1 March 2018 with an authorized capital of OMR 10 million divided into common stock of OMR 0

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A company was formed on 1 March 2018 with an authorized capital of OMR 10 million divided into common stock of OMR 0.400 each. The company came up with an Initial Public Offer – IPO by issuing 5,000,000 equity shares at OMR 0.500 each. If the IPO is fully subscribed, the number of applications received by the company are:

a.

10,000,000

b.

5,000,000

c.

15,000,000

d.

2,000,000