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Unformatted text preview: nance 7 19.10 Summary and Conclusions
Larger issues have proportionately much lower costs of
issuing equity than small ones.
Firm-commitment underwriting is far more prevalent for
large issues than is best-effort underwriting. Smaller
issues probably use best effort because of the greater
Rights offering are cheaper than general cash offers.
Shelf registration is a new method of issuing new debt
Venture capitalists are an increasingly important
influence in start-up firms and subsequent financing.
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This note was uploaded on 08/27/2012 for the course ECON 101 taught by Professor Chai during the Spring '12 term at Uni. Ulster.
- Spring '12