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The cost of newly issued common stock is greater than the current cost common equity because of
Pro-forma Cash Flow
An estimate of future cash inflows and outflows of a company, usually projecting future financial performance.
Income Statement
A financial statement that shows a company’s revenues, expenses, and profits over a specific period, typically a quarter or year.
Credit Application
A form or request made by an individual to a financial institution for extending credit.
Capacity
The maximum amount that something can contain or produce.
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