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In the context of praiseworthy and blameworthy failures, Mitchell Marks and Robert Shaw argue that a firm may gain more in the long term from a(n) _____.
Capital Structure
The mixture of debt and equity financing a firm uses to fund its operations and growth.
Flotation Costs
The costs associated with the process of raising new capital through the sale of stocks or bonds to investors, including advisory, legal, and promotional expenses.
Preferred Stock
Preferred stock is a type of stock that confers certain privileges or priorities to its holders, such as fixed dividends and priority over common stock in asset liquidation.
Par Value
The face value of a bond or stock, as stated by the issuing company; it is often a nominal figure that does not necessarily equate to the market value.
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