Wallace Publishing recently completed its IPO. The stock was offered at $14.83 por share. On the first day of trading, the stock closed at $18 19 per share a What was the initial return on Wallace? b. Who benefited from this underpricing? Who lost, and why? a. What was the initial return on Wallace? The initial return was % (Round to one decimal place) b. Who benefited from this underpricing? (Select the best choice below) O A. The company and owners of other shares outstanding (not part of the IPO). OB. The company and underwriters. OC. Owners of other shares outstanding (not part of the IPO) and underwriters OD. Investors who bought shares at the IPO price of $14.83/share and investment banks (indirectly from future business) Who lost? (Select the best choice below) O A. Owners of other shares outstanding (part of the IPO) OB. Owners of other shares outstanding (not part of the IPO). C. Both of the above