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XYZ SAOG received applications for 28,000 shares. Out of which, 20,000 shares were allotted to the applicants on pro-rata basis. Application money is fixed at

XYZ SAOG received applications for 28,000 shares. Out of which, 20,000 shares were allotted to the applicants on pro-rata basis. Application money is fixed at RO 2. Q has applied for 840 shares. The number of shares allotted to Q and the excess money received will be:

A.

140 shares; 240

B.

600 shares; 480

C.

640 shares; 320

D.

620 shares; 400

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