Which of following statements is/are true with respect to rights issue?
I. It involves the issue of securities to the existing shareholders and to the publicsimultaneously.
II. It involves the issue of securities to the existing shareholders at a price, which is generallylower than the current market price.
III. It generally entails lower cost of issue.
IV. It is generally made to high networth individuals.
[A]Only (I) above
[B]Only (III) above
[C]Both (II) and (III) above
[D]Both (II) and (IV) above
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