The Abnormal Returns for Initial Public Offerings Over Longer Time

question 16

Multiple Choice

The abnormal returns for initial public offerings over longer time periods seem to call market efficiency into question because:

• A) the average returns at announcement are large and positive while the long-term results are much lower than the returns for seasoned equity offerings.
• B) the average returns at announcement are small and negative while the long-term results are much lower than the returns for seasoned equity offerings.
• C) the average returns at announcement are zero while the long-term results are much higher than the returns for seasoned equity offerings.
• D) the average returns at announcement are large and positive while the long-term results are much higher than the returns for seasoned equity offerings.
• E) the average returns at announcement are zero while the long-term results are much lower than the returns for seasoned equity offerings.

Know how to utilize Excel's commenting and track changes features.

Recognize the importance and process of creating and editing macros.

Understand the customization and functionality of ActiveX Controls and form controls.

Comprehend the functionality and management of Excel add-ins and templates.

---

Definitions:

International Honor Society

An organization that recognizes and celebrates academic excellence and leadership among students and professionals worldwide.

Nursing Theorists

Scholars and professionals in nursing who develop theories and models to enhance nursing practice, education, and research.

Theorists

Individuals who formulate, describe, and analyze theories or concepts in a particular field of study.

Prescriptive Theory

A theoretical framework that outlines specific actions or behaviors that should be taken in particular situations, often providing guidelines or protocols.