Answer the nyse has a physical trading floor in new york city, is primarily a broker market, relies on specialists for liquidity under a single market maker system, utilizes the superdot system, and has stricter listing requirements.
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Answer an investor can purchase securities that have a higher level of risk.
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Answer internal equity avoids the flotation costs associated with increasing external equity.
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Therefore, by utilizing internal equity instead than external fairness, the initial monetary value of the projection is decreased.
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