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The higher fixed costs are as a percentage of total costs:
Corporate Bonds
Debt securities issued by corporations to raise capital, where the issuer promises to repay the principal amount at a specified maturity date along with periodic interest payments.
Preferred Shares
A class of stock in a corporation that typically offers dividends and other privileges above common shares, usually without voting rights.
Incorporators
Individuals who file the necessary paperwork and legally establish a corporation, becoming its initial shareholders and possibly its initial directors.
Initial Board
The first group of individuals appointed or elected to govern and oversee a newly formed corporation or organization.
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