A new issue debt or shares will invariably involve floatation costs in the form of:

(A) Legal fees

(B) Administrative expenses

(C) Brokerage

(D) Underwriting

(E) Risk premium

Choose the most appropriate answer from the options given below:

1
(A), (B), (D), (E) only
2
(A), (C) only
3
(A), (B), (C), (D) only
4
(A), (B), (C), (D), (E)

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