What are the advantages to a company of selling stock in a seasoned equity offering (SEO) using a cash offer? What are the advantages of a rights offer?

Distinguish between a cash offer and a rights offer when selling stock in a seasoned equity offering: (select all of the choices that apply.)

A. A cash offer is used when a company offers the new shares to investors at large

B. A rights offer is used when the new shares are offered only to existing shareholders

C. A rights offer is used when a company offers the new shares to investors at large

D. A cash offer is used when the new shares are offered only to existing shareholders