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Gottfredson and Hirschi would attribute __________________ to Jerry's lack of self-control.
IPO Underpricing
The phenomenon where the initial offering price of a stock is set lower than the market price on its first trading day.
Underpricing
A situation in which a new issue of securities is priced below its market value, leading to immediate gains for investors when the stock is traded publicly for the first time.
Value
The economic, physical, or appraised valuation of a resource, merchandise, or assistance.
Term Loans
Loans from financial institutions that have a set repayment schedule and a fixed or floating interest rate.
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