EBK CORPORATE FINANCE
EBK CORPORATE FINANCE
4th Edition
ISBN: 8220103164535
Author: DeMarzo
Publisher: PEARSON
Question
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Chapter 23, Problem 17P

a.

Summary Introduction

To determine: The average IPO underpricing.

Introduction: When a company sells its share publically in an open market for the first time, it is known as initial public offering (IPO).

b.

Summary Introduction

To determine: The expected one-day return on IPO portfolio.

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