According to Loughran and Ritter,initial Public Offerings Tend to Exhibit

question 44

Multiple Choice

According to Loughran and Ritter,initial public offerings tend to exhibit __________ performance initially,and __________ performance over the long term.

• A) bad; good
• B) bad; bad
• C) good; good
• D) good; bad

---

Definitions:

Complete Ownership

Full legal rights and control over a property or asset, without any restrictions or encumbrances.

Fee Simple Absolute

Fee simple absolute is the most complete form of ownership of real estate, providing unlimited control subject to government restrictions and commitments.

Unconditional Power

Absolute authority or control without any restrictions or conditions.

Dispose

The act of selling, transferring, or getting rid of an asset or property.