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Q. It is a legally enforceable document which is issued by a stock broker within 24 hours of the execution of a trade order.

Q. PK Enterprises Limited has sold an entire lot of 5,00,000 equity shares @ ₹9 each to Prosperous Bank Private Limited. The bank in turn will offer the shares to general public for subscription @ ₹11 per share. Identify the method of floatation being described in the given lines.

Q. When the least desirable credit risks are the ones most likely to seek loans, lenders are subject to the