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Which of teh following is not an explanation or theory of IPO underpricing? a. Welchs Asymmetric Information theory b. Benveniste and Spindts Book Building hypothesis

Which of teh following is not an explanation or theory of IPO underpricing?

a. Welchs Asymmetric Information theory

b. Benveniste and Spindts Book Building hypothesis

c. Jensens Free Cash Flow hypothesis

d. Ritters Monopsony Power hypothesis

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