21. Which of the following is NOT correct in relation to the process of raising equity funds by a placement of securities to a small group of selected investors?

Select one: a.Securities may be issued quickly by this process compared to a rights issue. b.Under this process, the issue of securities is regarded as an issue to a group of well-informed institutional investors. c.The securities are often offered at a discount to the current market price in the process. d.An advantage of the process is that the process generally does not dilute the existing shareholdings. e.Securities may be issued with fewer disclosure requirements compared to those offered to the public.