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In 2020 Whitbread PLC used a rights issue to raise almost 1billion in finance. Explain the advantages of using a rights issue to raise finance

In 2020 Whitbread PLC used a rights issue to raise almost 1billion in finance. Explain the advantages of using a rights issue to raise finance for a business and discuss why this is preferred approach to raising equity finance compared to issuing shares in the general market place.

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