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9. Which of the following is a characteristic of an IPO? a. Determination of the correct offering price is relatively difficult. b. Small issues are

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9. Which of the following is a characteristic of an IPO? a. Determination of the correct offering price is relatively difficult. b. Small issues are predominately sold on a firm commitment basis. c. They are usually sold as a private placement. d. IPOs are typically overpriced. e. The general form of offer is a rights offering

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