What Was the Average First-Day Return on IPOs for the Period

question 59

Multiple Choice

What was the average first-day return on IPOs for the period 1975-2012 in the U.S.?

• A)28.7 percent
• B)21.7 percent
• C)9.2 percent
• D)11.4 percent
• E)18.6 percent

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Definitions:

Lateral Meristem

Vascular cambium or cork cambium; cylindrical sheet of meristem that runs lengthwise through a plant’s shoots and roots; gives rise to secondary growth (thickening).

Primary

This indicates the first or highest in rank or importance, often used to describe basic or initial levels of education, stages of disease, or processing.

Mesophyll

The internal tissue of a leaf, containing cells with chloroplasts where photosynthesis occurs.

Photosynthetic

The mechanism that enables green plants and some organisms to create nutrients from carbon dioxide and water, using sunlight.