Question

Studies have shown that, on average, new security issues are: Group of answer choices subject to...

Studies have shown that, on average, new security issues are:

Group of answer choices

subject to flotation costs of approximately 32%.

overpriced to reward venture capitalists.

under priced.

overpriced by the amount of the spread.

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Answer #1

Studies have shown that, on average, new security issues are:-

c) underpriced.

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