Typical firms that engage in private placements usually incur the highest costs when issuing public securities.

Name: Typical firms that engage in private placements usually incur the highest costs when issuing public securities.
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Private placements typically involve lower costs compared to public offerings, as they do not require the same level of regulatory compliance, underwriting fees, and marketing expenses associated with public securities issuance.

Typical Firms That Engage in Private Placements Usually Incur the Highest