1. Which one of the following statements is not a reason given for issuing shares without a rights offering? 
2. 
   
3. Multiple Choice 
4. 
   
5. The risk of the subscription price exceeding the market price is significant. 
6. 
   
7. Underwritten issues provide funds faster than rights offerings do. 
8. 
   
9. Underwriters provide a wider distribution of shares than would be possible with a rights offering. Investment bankers provide valuable advice. 
10. 
    
11. Rights must be exercised by their original owner or forfeited.