6. Looking at Figure 4.6, describe the trend in gross public equity issues

and IPOs in the U.S. during the last 30 years. How do you explain this

trend given what we observe in Figure 4.5?

6. Looking at Figure 4.6, describe the trend in gross public equity issues and IPOs in the U.S. during the last 30 years. How do you explain this trend given what we observe in Figure 4.5