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My Investment Record Indicates the Following Sample of IPO's What Is the Average Underpricing of This Sample of IPO's

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My investment record indicates the following sample of IPO's
 IPO  Initial Return A8%B16\begin{array} { | c | c | } \hline \text { IPO } & \text { Initial Return } \\\hline \mathrm { A } & 8 \% \\\hline \mathrm { B } & 16 \\\hline\end{array} What is the average underpricing of this sample of IPO's?


Definitions:

Machinery

Equipment, especially those powered by fuel or electricity, used in the industrial production or manufacturing process.

Accumulated Depreciation

The overall depreciation cost that has been allocated to a fixed asset over the span of its useful life.

Patent Rights

Legal protections granted to inventors, giving them exclusive rights to produce, use, and sell their inventions for a limited period.

Amortization

The process of spreading out a loan or an intangible asset's cost over its useful life.

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