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      The floating price is a leg of a swap contract that depends on a variable, including an interest rate, currency exchange rate or price of an asset.

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      The difference between the cost of new equity and the cost of existing equity is the flotation cost, which is (20.7 20.0%) = 0.7%. In other words, the flotation costs increased the cost of the new

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      Flotation is the process of changing a private company into a public company through issuing shares and encouraging the public to purchase them.

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      A few months ago their fears might have appeared justified when the shares touched 631p, compared with a flotation price of 330p. But, after the company said on Monday that profits would be lower

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