b. Is the fall in market value on announcement of a stock issue an issue cost in

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b. Is the fall in market value on announcement of a stock issue an issue cost in the same sense as an underwriter’s spread? Respond to the quote that begins this question.

Use your answer to part

(a) as a numerical example to explain your response to part (b).

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Principles Of Corporate Finance

ISBN: 9781264080946

14th Edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans

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Question Posted: Jul 31, 2024 08:02 AM

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b. Is the fall in market value on announcement of a stock issue an issue cost in

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Principles Of Corporate Finance

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