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Farmer-in-the-Dell issued stock at $19/share, and at the end ofthe first day of public trading, the closing price was$28/share. Who most directly benefited from the$9/share
Farmer-in-the-Dell issued stock at $19/share, and at the end ofthe first day of public trading, the closing price was$28/share. Who most directly benefited from the$9/share gain? Why?
A. Farmer-in-the-Dell Company
B. The Underwriters who took thecompany public
C. Investors who boughtFarmer-in-the Dell stock at the $19 IPO price
D. The New York Stock Exchange,where Farmer-in-the-Dell was taken public
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