The Price of Stock Sold in an IPO Is Set

question 31

True/False

The price of stock sold in an IPO is set by bids submitted in the month before trading begins.

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Definitions:

Respondent Behavior

Responses made to or elicited by specific environmental stimuli.

Operant Conditioning

The procedure by which a change in the consequences of a response will affect the rate at which the response occurs.

Fixed-Interval Reinforcement

A schedule in operant conditioning where a response is rewarded only after a specified amount of time has elapsed.

Internal Forces

Psychological or emotional factors originating within an individual that influence thoughts, feelings, and behaviors.