A company offers to the public 20000 shares for subscription. The company receives
application for 24000 shares. If the shares are allotted on pro-rata basis the application for 24,000 shares are to be allotted as

(a) 5 Shares for every 6 shares applied
(b) 4 Shares for every 5 shares applied
(c) 6 Shares for every 7 shares applied
(d) None of the above