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Implementation of IBM's "Smarter Planet" strategy has resulted in all of the following EXCEPT:
Investment Banking Process
A series of actions in investment banking involving advisory services, underwriting, and facilitating transactions like mergers and acquisitions for clients.
Primary Market
The primary market is where new securities are issued and sold for the first time to investors, typically involving initial public offerings (IPOs) by companies.
Breakeven Interest Rate
The interest rate at which the cost of borrowing equals the income from an investment, resulting in no profit or loss.
Flotation Costs
Expenses incurred by a company in issuing new securities, including underwriting fees, legal fees, and registration fees, affecting the net proceeds from the offering.
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