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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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