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1. Generally, initial public offerings (IPOs) are Multiple Choice A. overpriced. B. underpriced. C. there is no general trend. D. correctly priced. 2. Which portfolio

Generally, initial public offerings (IPOs) are

Multiple Choice

A. overpriced.

B. underpriced.

C. there is no general trend.

D. correctly priced.

Which portfolio has had the lowest average annual nominal rate of return during the 1900-2017 periods?

Multiple Choice

A. Portfolio of Treasury bills

B. Portfolio of U.S. government bonds

C. Portfolio of large U.S. common stocks

D. Portfolio of small U.S. common stocks

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