If a shareholder does not exercise her non-renounceable rights (to purchase additional shares at the specified subscription price), her wealth is expected to Group of answer choices(a) be unaffected by the rights issue because the dilution effect from the firm selling shares at a below-market price will exactly offset the shareholder benefit of being able to purchase shares at a discount. (b) increase due to the exactly offsetting decrease in the wealth of other shareholders (transfer of wealth). (c) increase because the share value is diluted as new shares are issued at a below-market price. (d) More than one of the above. (e) None of the above