Question 4 1.5 pts ABC Inc is currently trading at $4 per share and has 2.4 billion shares on issue. It announces a 3 for 5 non-renounceable rights issue with a subscription price of $3.20 per share. Which of the following statements related to the rights issue is correct, based only on the information above? Instead of exercising the right, shareholders can choose to sell the right to 1 new share for $0.5 on the exchange (ignore other pricing factors). The theoretical ex-rights price for ABC Inc. is closest to $3.87. More than one of the other statements related to the rights issue is correct. None of the other statements related to the rights issue is correct. ABC Inc is aiming to issue 0.48 billion shares from the rights offer