A pro-rata share rights offer of 3:1 gives existing shareholders:

a.

the right to purchase 10 shares for every 3 shares held.

b.

none of the given choices.

c.

the right to purchase 3 new shares for every one share held.

d.

the right to purchase one share for every 1/3 shares held.

e.

the right to purchase one new share for every 3 shares held.