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Money left on the table is a term used to describe IPO under-pricing. Which of the following is a common measure for this phenomena? a.

"Money left on the table" is a term used to describe IPO under-pricing. Which of the following is a common measure for this phenomena?

a.

First day returns of IPO's
b.

None of the above
c.

SEC filing costs
d.

Flotation costs
e.

Underwriter spread

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