The price of DEF share cum-right was $10 and ex-right is $10.5. If the right issue was successful, then this situation is

Group of answer choices

a) Impossible

b) More likely to happen if the pro-rata ratio (N) is low

c) More likely to happen is the subscription price is closer to the market price

d) Can happen only if negative news arrived to the market between the cum-right and ex-right date

e) Both "b" and "c" are correct