For initial public offerings of common stock, 2017 was a relatively slow year, with only about $21.2

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For initial public offerings of common stock, 2017 was a relatively slow year, with only about $21.2 billion raised by the process. Relatively few of the 119 firms involved paid cash dividends. Why do you think that most chose not to pay cash dividends?

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Corporate Finance

ISBN: 978-1259918940

12th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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