Question
ABC Company has just done an IPO. The IPO price was $30 per share. The stock closed at $27 on the first trading day. The
ABC Company has just done an IPO. The IPO price was $30 per share. The stock closed at $27 on the first trading day. The market index (S&P500) closed at 1,800 on ABC's IPO day, and 1,812 on ABC's first trading day. What are the initial return and the market-adjusted initial return of ABC's IPO?
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The Sterling Bonds And Fixed Income Handbook
Authors: Mark Glowrey
1st Edition
0857190423, 978-0857190420
