If existing shareholders are offered rights to a new issue of securities$,$ those shareholders:

If existing shareholders are offered rights to a new issue of securities$,$ those shareholders:

should expect to receive the book value per share for each right they have been granted.

must participate in the offering if they wish to maintain their current ownership position.

will receive additional shares at no additional cost to themselves.

will pay the book price per share for each share obtained through the rights process.

will need to pay the current market price per share on the day they tend their rights.