Examlex
Which of the following is not part of the underwriting process?
Cash Dividends
Profits paid by a corporation to its shareholders in the form of cash.
Free Cash Flow
The amount of cash a company generates after accounting for capital expenditures, effectively showing the liquidity available for expansion, dividends, or debt repayment.
Net Income
Represents the total earnings of a company, calculated as the revenues minus the expenses, taxes, and costs.
Capital Expenditures
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.
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