Ariel and Jaime both own rights on Caliper stock that grant each of them the right to purchase $10$ shares at $$15$ per share. Ariel does not sell or exercise her rights. Accordingly, Jaime purchases $20$ shares at the subscription price. Jaime exercised Multiple Choice a standby fee arrangement. a shareholder takedown offer. an oversubscription privilege. a standby underwriting. a neglected rights offer.