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QUESTION 2 Are Australian companies restricted in raising equity capital by way of a private placement? Is this position justified? QUESTION 3 The interest held

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QUESTION 2 Are Australian companies restricted in raising equity capital by way of a private placement? Is this position justified? QUESTION 3 The interest held by ordinary shareholders is a residual claim. Explain the meaning and significance of this statement. QUESTION 4 Outline the main advantages of using book-building for an initial public offering of shares rather than making a fixed-price offer. What are the disadvantages of book-building

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