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(i) What are the two factors that may affect the value of the timing option of an investment? (100-200 words) (ii) Initial public offerings have

(i) What are the two factors that may affect the value of the timing option of an investment? (100-200 words) (ii) Initial public offerings have various characteristics that have often confused academics, particularly financial economists. Discuss four of these characteristics. (100-200 words) (iii) What does book building mean when it comes to the initial public offerings? Explain. (100-200 words)

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