Chapter: CH4 Problem: Looking at Figure 4.6, describe the trend in gross public equity issues and IPOs in the United States during the last 30 years. How do you explain this trend given what we observe in Figure 4.5? Explain. FIGURE 45 Net New Equity Issues, 1975-2013 100 975 198 1985 1990 1995 2000 2005 2010 2015 -100 FIGURE 46 Gross New Stock Issues by Corporations and Initial Public Offerings, 1980-2013 50 2 200 Gross public eqity oues 1985 Step-by-Step Solution: Chapter: CH4 Problem: Looking at Figure 4.6, describe the trend in gross public equity issues and IPOs in the United States during the last 30 years. How do you explain this trend given what we observe in Figure 4.5? Explain. FIGURE 45 Net New Equity Issues, 1975-2013 100 975 198 1985 1990 1995 2000 2005 2010 2015 -100 FIGURE 46 Gross New Stock Issues by Corporations and Initial Public Offerings, 1980-2013 50 2 200 Gross public eqity oues 1985 Step-by-Step Solution