Which of the following statements in relation to a proposed private placement issue are LEAST likely to be true? The proposed private placement issue is / are: Group of answer choices

none of the given answers

typically made at a price closer to the current market value than a pro-rata rights issue

typically made at a price higher than that of a pro-rata rights issue

less costly to the firm than a pro-rata rights issue

likely to be completed more quickly than a pro-rata rights issue