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Schalheim Sisters Inc. has always paid out all of its camings as dividends, hence the firm has no monand cum me mores a . The

Schalheim Sisters Inc. has always paid out all of its camings as dividends, hence the firm has no monand cum me mores

.

The company's bet

.

The flotation costs associated with issuing preferred stock increase.

.

The market risk premium declines.

.

The flotation costs associated with issuing new common stock increase.

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