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... asn’t particularly astounding.
Because, a few years earlier, the Manchester and Liverpool Railway Company’s initial public offering had an estimated value of eight hundred thousand British pounds, with an annual dividend yield of 6.5%.
On the other hand, the London Shipping Company raised two hundred fifty thousand British pounds with a conservative annual return of 2.7%.
And the West London Gas Lamp Company, with nothing more than a contract for lamps from the London Cit ...
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