Arguments to explain why most equity issues are underwritten versus sold through a rights offering are:

Question

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All of the above statements are true reasons for why most equity issues are underwritten versus sold through a rights offering. Underwriters buy the issue at an agreed upon price and bear some risk of selling the issue, cash proceeds are available sooner in underwriting and the issue is available to a wider market, and investment bankers can provide market advice and certify the issue for potential investors.

Arguments to Explain Why Most Equity Issues Are Underwritten Versus