Flotation Costs Refer to The

Flotation costs refer to the:

A) Initial costs incurred on day one of a new project.
B) Interest rate imposed on the firm's debt.
C) Required rate of return which is necessary for a project to be accepted.
D) Dividends which shareholders expect when they purchase shares of the firm's stock.
E) Costs incurred by a firm when new issues of securities are sold.