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Question25 Dusty Corporation is issuing an IPO with an issue price of $15 per share that is expected to raise about $100 million. Which of
Question25
Dusty Corporation is issuing an IPO with an issue price of $15 per share that is expected to raise about $100 million. Which of the following is likely to be true?
A.The cost of the IPO to Dusty will be about $7 million.
B.The price of the stock will be less than $15 at the close of the first trading day.
C.The stock will perform very well in the three to five years after the issue.
D.None of the above is likely to happen.
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