A company has recently advertised an issue of one million ordinary shares of 50kobo and 65kobo per share. when the issue is fully paid the company will collect?

A. N65,000.00
B. N500,000.00
C. N650,000.00
D. N1,000,000.00
E. N65,000,000.00

Correct Answer: Option C

N650,000.00