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Question 11 Which of the following(s) is (are) correct for IPO underpricing? 1. Winner's Curse' is one of the proposed arguments to explain the underpricing.

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Question 11 Which of the following(s) is (are) correct for IPO underpricing? 1. Winner's Curse' is one of the proposed arguments to explain the underpricing. II. On average, Underpricing can be seen in all industries and IPO sizes. II. Without underpricing, companies could raise more funding. Only I and I Only I and III Only I and I lll and III Only

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