please explain why it isnt the fourth option ONLY.

Myer Inc is currently trading at $4 per share with 2.4 billion shares on issue. It announces a 8 for 5 non-renounceable rights issue with a subscription price of $3.6 per share. Which of the following statements related to the rights issue is correct, based only on the information above? (Round to the nearest 2 digits) None of the other statements related to the rights issue is correct. Myer Inc is aiming to issue 0.48 billion shares from the rights issue. More than one of the other statements related to the rights issue is correct. Instead of exercising the right, shareholders can choose to sell the right to 1 new share for $0.15 on the exchange (ignore other pricing factors). The theoretical ex-rights price for Myer Inc. is $3.75