or -0565 for rates. Roun Question 1 1 pts Root Inc, a new data driven car insurance company, held its IPO (went public) on October 28, 2020 selling approximately 2.5 million shares of stock. The first purchase of its public stock were at a price of $28. Today the stock price is $14.25. Which of the following are true? The original investors in Root's common stock are probably very happy with their stock purchase. Root began selling its car insurance publicly on October 28, 2020. If an investor wants to buy Root's common stock today, they will pay approximately $14.25 per share. When Root Inc, had their IPO on Oct 28, 2020, they had a high cash outflow to pay all the ordinary investors who bought the stock. Ordinary investors can now buy Root Inc's bonds. Question 2 1 pts