For initial public offerings of common stock, 2013 was an average year, with about $38.75 billion raised

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For initial public offerings of common stock, 2013 was an average year, with about $38.75 billion raised by the process. Relatively few of the 157 firms involved paid cash dividends. Why do you think that most chose not to pay cash dividends?

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Fundamentals of Corporate Finance

ISBN: 978-0077861704

11th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Nov 21, 2016 08:27 AM

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For initial public offerings of common stock, 2013 was an average year, with about $38.75 billion raised

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If these firms just went public they probably did so because they ...View the full answer

Fundamentals of Corporate Finance

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