The Direct Interactive Publishing Company is planning to raise $$200$ million in new capital. There are currently $50$ million shares outstanding with an estimated market price of $$60$ each. The corporate officers are debating whether to use a rights offering $($with or without a standby underwriting$)$ or have the issue fully underwritten. The company is currently listed on a regional exchange and plans to list on a national exchange after the security issue. The following are advantages of each method EXCEPT

Option A

current shareholders may not be able to maintain ownership percentage.

Option B

the Rights method is the lowest cost

Option C

the Rights method can maintain ownership percentage

Option D

shareholders can fully participate and maintain wealth.