A Stock Went Public at $15 and Closed at $17

question 10

Multiple Choice

A stock went public at $15 and closed at $17.70. What was the underpricing percentage?

• A) 15 percent
• B) 17 percent
• C) 18 percent
• D) 17.70 percent
• E) 15.25 percent

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Definitions:

Iris Muscles

Muscular structures in the eye that adjust the size of the pupil to regulate the amount of light entering the eye.

Lens

A transparent structure in the eye that focuses light rays onto the retina to form clear images.

External Auditory Canal

The tube that runs from the outer ear to the eardrum, facilitating the travel of sound.

Weber Test

A hearing test that uses a tuning fork to evaluate conductive and sensorineural hearing loss across both ears.