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Financial Management — Business Studies STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesFinancial Management1 Mark
Question
What do you understand by floatation cost?
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Answer

Floatation cost means the cost of raising funds. e.g. Various expenses that have to be borne on advertising, printing, prospectus, underwriting commission, etc.

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