Mahendra owns 100,000 shares in White Horse Ltd (WHL). Recently, WHL made a 1-for-10 renounceable rights issue. Mahendra decided to sell his rights. Which one of the following is most likely to be correct? Mahendra lost proportionate voting power and suffered a loss of wealth. Mahendra did not lose proportionate voting power and did not suffer a loss of wealth. Mahendra did not lose proportionate voting power but suffered a loss of wealth. Mahendra lost proportionate voting power but did not suffer a loss of wealth