In a right issue, if all shareholders exercise their rights (to purchase additional shares at the specified subscription price), shareholder wealth is expected to

Group of answer choices

(a) increase by the rights issue.

(b) increase due to the exactly offsetting decrease in the wealth of other shareholders (transfer of wealth).

(c) decrease due to the loss of voting power.

(d) decrease due to the inability to exploit creditors.

(e) None of the above.