Non-Renounceable Rights

Non-renounceable rights:

A) trade in a secondary market until the exercise date.
B) cannot be sold on the market and shareholders have the option to subscribe to the rights issue or let the offer lapse.
C) may be sold on the market if shareholders do not want to subscribe to a rights issue and increase their shareholdings.
D) are rights given to an investor who acquired them from the issuer or from another investor to purchase additional shares at a slightly below-market price.