How do you think each of the following items would affect a company’s ability to attract new capital and the flotation costs involved in doing so?
a. A decision of a privately held company to go public
b. The increasing institutionalization of the “buy side” of the stock and bond markets
c. The trend toward financial conglomerates as opposed to stand-alone investment banking houses
d. Elimination of the preemptive right
e. The introduction in 1981 of shelf registration of securities