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     EduGorilla 
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    10,000 shares issued for public subscription at a premium of 10%. Full amount was payable on application. Applications were received for 15,000 shares and pro-rata allotment was made. Find the amount to be refunded?

    Options :-

    1. No need to refund the money

    2. 10,000

    3. 1,00,000

    4. 55,000

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