• Issue of securities below their market value.

 Embedded terms in definition
Market value
 Referenced Terms
 Cost of a new issue of common stock: Determined by calculating the cost of common stock after considering both the amount of Underpricing and the associated flotation costs.

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Life is not easy for any of us. But what of that? We must have perseverance and above all confidence in ourselves. We must believe that we are gifted for something and that this thing must be attained. Marie Curie


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