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Which statement about social roles is FALSE?
Weighted Average Flotation
An average calculation of flotation costs for new securities, weighted by the proportion each security contributes to the total amount issued.
Capital Structure
Capital structure describes the mix of a company's long-term debt, specific short-term debt, common equity, and preferred equity, which collectively finance the company's operations and growth.
Flotation Costs
Expenses incurred by a company in issuing new securities, including fees for underwriting, legal counsel, and registration.
Pre-tax Cost
The expense associated with an investment or action before the effects of taxes are taken into account.
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