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Managerialfinance 7 1910 summary and conclusions

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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 uncertainty. Rights offering are cheaper than general cash offers. Shelf registration is a new method of issuing new debt and equity. Venture capitalists are an increasingly important influence in start-up firms and subsequent financing. Managerial Finance...
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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.

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