Which of the following statements best describes the similarities and differences between private placements and rights issues? More than one of the other statements is correct. None of the other statements is correct. A private placement is more appropriate than a rights issue if the funds need to be raised quickly. A prospectus is required in a rights issue but not in a private placement There is a limit on how much funds an Australian company can raise in a year via private placements, but there is no limit on rights issues