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When a negotiable instrument is transferred,the transferor warrants all EXCEPT:
WACC
A calculation known as the Weighted Average Cost of Capital determines a corporation's capital costs by proportionally weighting different categories of capital.
Flotation Costs
Expenses incurred by a company in issuing new securities, including underwriting, legal, and registration fees.
Tax Rate
The rate at which taxes are applied to a person or company's income.
WACC
The Weighted Average Cost of Capital; a calculation of a firm's cost of capital in which each category of capital is proportionately weighted.
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