Question

Letter of ______ is sent to applicants who have not been given shares by the company.

Options

• regret

• renunciation

• allotment

Answer 1

Letter of regret is sent to applicants who have not been given shares by the company.

Explanation:

A letter of regret is sent to applicants who have not been allotted shares by the company. It informs them that their application for shares has been unsuccessful.