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In the real world, many firms that have cross-listed their shares on the overseas markets have experienced a reduction in the cost of capital. This

In the real world, many firms that have cross-listed their shares on the overseas markets have experienced a reduction in the cost of capital. This effect was likely greater for

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none of the others

bonds than for stocks.

German firms than Japanese firms.

United States firms than for Mexican firms.

Australian firms than for Canadian firms.

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