For initial public offerings of common stock, 1993 was a very big year, with over $43 billion

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For initial public offerings of common stock, 1993 was a very big year, with over $43 billion raised by the process. Relatively few of the 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: 978-0071051606

8th Canadian Edition

Authors: Stephen A. Ross, Randolph W. Westerfield

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Question Posted: Jun 26, 2019 09:21 AM

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For initial public offerings of common stock, 1993 was a very big year, with over $43 billion

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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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