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Question 7 1 pts Which of the following statements best describes the window of opportunity hypothesis of long-run IPO performance? Long run IPO underperformance happens

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Question 7 1 pts Which of the following statements best describes the window of opportunity hypothesis of long-run IPO performance? Long run IPO underperformance happens because the company management is taken advantage of by investment bankers. O More than one of the other statements is correct. O IPO stocks can underperform the market over the long run because management tries to time IPOs so that it occurs when the management believes that the market is overvalued. None of the other answers are correct. Long run IPO underperformance can occur because only optimistic investors can participate in an IPO

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