Why Did the British Crown Replace the EIC as the Administrators

question 75

Short Answer

Why did the British Crown replace the EIC as the administrators in India after 1858?

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Definitions:

Flotation Cost

The total costs associated with issuing new securities, including fees for underwriting, legal advice, and registration.

Initial Cash Outlay

The initial funds and costs required to initiate a project, investment, or venture.

Pre-Tax Cost

The expense or cost incurred by an entity before the deduction of taxes.

Net Present Value

A financial measure that computes the disparity between the present value of cash coming in and going out over a certain period.