Corporation Finance ..
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In our eReader you can find the full English version of the book. Read Corporation Finance .. Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Corporation Finance ..
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The extra work involved in handling an actual large oversubscription hardly offsets the various reasons for keep- ing the subscription book open.
Of course it is undesirable, from the mar- ket point of view, that an impression should get out that the offering was hot wholly suc- cessful. Undoubtedly banking houses often announce that an issue was fully subscribed for or oversubscribed, when that is, at best, only technically the case. S,ome subsidiary organization of the banking house may have ...put in a "subscription" large enough to pro- vide for the amount not really, as well as technically, subscribed for; or another joint account may have been formed to "sub- scribe" for and take over the bonds. Since the possible use of such subterfuges is well known in the street, an announcement of an oversubscription is likely to be taken with a grain of salt unless there is corroborative evidence. The future conduct of the mar- ket, the course of prices in the particular 74 CORPORATION FINANCE security, may indicate that the announce- ment is really true.
What to read after Corporation Finance ..?
You can find similar books in the "Read Also" column, or choose other free books by Hastings Lyon to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The extra work involved in handling an actual large oversubscription hardly offsets the various reasons for keep- ing the subscription book open.
Of course it is undesirable, from the mar- ket point of view, that an impression should get out that the offering was hot wholly suc- cessful. Undoubtedly banking houses often announce that an issue was fully subscribed for or oversubscribed, when that is, at best, only technically the case. S,ome subsidiary organization of the banking house may have ...put in a "subscription" large enough to pro- vide for the amount not really, as well as technically, subscribed for; or another joint account may have been formed to "sub- scribe" for and take over the bonds. Since the possible use of such subterfuges is well known in the street, an announcement of an oversubscription is likely to be taken with a grain of salt unless there is corroborative evidence. The future conduct of the mar- ket, the course of prices in the particular 74 CORPORATION FINANCE security, may indicate that the announce- ment is really true.
What to read after Corporation Finance ..?
You can find similar books in the "Read Also" column, or choose other free books by Hastings Lyon to read onlineMoreLess
Read book Corporation Finance .. for free
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