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IPOs usually trade at a premium on the first day of trading because Select one: a. the offer price was below the intrinsic value of

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IPOs usually trade at a premium on the first day of trading because Select one: a. the offer price was below the intrinsic value of the stock. b. institutional investors purchase large volumes of the stock. c. speculators push the price higher. d. the underwriter sells excess stock at a profit

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