Which of the following statements is false?
A) Costs are larger in percentage terms when a smaller amount of capital is raised.
B) Book-building is more common for large floats and privatisations in Australia than the open pricing mechanism of price setting.
C) An underwriter may no longer be obligated to take up the shortfall of an issue during times of war.
D) A possible reason for floating a private company is to realise capital gains.
Correct Answer:
Verified
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