Essentials of Corporate Finance
Essentials of Corporate Finance
8th Edition
ISBN: 9780078034756
Author: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 15.5, Problem 15.5BCQ
Summary Introduction

To think critically about: The issue that will be more or less underpriced than the average.

Introduction:

The security that is issued and registered and is also being sold in the securities market to the general public for the first time is the new issue. The initial public offerings are also a new issue. The sale of the stocks below the true value is the underpricing.

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