Data from the Marketplace Show That the Shares Sold in an IPO

question 15

Multiple Choice

Data from the marketplace show that the shares sold in an IPO are typically

• A) priced between 2 and 5 percent below the price at which they close at the end of first day of trading.
• B) priced between 10 and 15 percent above the price at which they close at the end of first day of trading.
• C) priced between 10 and 15 percent below the price at which they close at the end of first day of trading.
• D) priced between 2 and 5 percent above the price at which they close at the end of first day of trading.

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