A Disadvantage of a Private Placement as a Source of Additional

A disadvantage of a private placement as a source of additional equity is:

A) it is slow relative to a rights issue
B) it dilutes the proportionate claims of existing shareholders
C) the price per share is usually less than the subscription price in a rights issue
D) the placement can be made to an investor who supports the current management
E) tt is more expensive than a rights issue.