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The winner's curse on IPOs implies: investors tend to buy only stocks they think are undervalued rather than buying stock in each and every new
The winner's curse on IPOs implies:
investors tend to buy only stocks they think are undervalued rather than buying stock in each and every new issue.
many more IPOs rise in price rather than fall.
investors are likely to get the full amount of stock they want only when the issue is overpriced.
underwriters usually overprice new issues.
none of the answers are correct.
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