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According to the Corporations Act, when a company issues shares to the public, the issue price, terms and rights of the shares are determined by: the Australian Securities Exchange. the company's directors. the Australian Investments and Securities Commission. the company's auditors.

Question

According to the Corporations Act, when a company issues shares to the public, the issue price, terms and rights of the shares are determined by: the Australian Securities Exchange. the company's directors. the Australian Investments and Securities Commission. the company's auditors.

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Solution

According to the Corporations Act, when a company issues shares to the public, the issue price, terms and rights of the shares are determined by the company's directors.

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