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mantparn mantparn
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7 years ago
Since the net proceeds from sale of new common stock will be less than the current market price, the cost of new issues will always be less than the cost of existing issues.
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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alovelyalovely
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7 years ago
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More solutions for this book are available here
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"It is better to fail in originality than to succeed in imitation."

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mantparn Author
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7 years ago
Thanks for the assistance, I've marked your post as best answer
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