Answer Happy

Which ONE of the following statements about equity finance is
NOT true?
a.
An Initial Public Offer (IPO) is a means of selling shares in a
company to the public at large.
b.
If shareholders exercise their rights in a rights issue, their
relative voting rights are unaffected.
c.
For the issuing company, the cost of equity finance is generally
lower than the cost of debt finance because it represents lower
risk for the investor.
d.
In a rights issue, the issue price is usually at a discount to
market price.