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Which of the following is NOT considered an IPO puzzle? O A Volumes of new public offerings, on average, mirror the debt capital markets with

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Which of the following is NOT considered an IPO "puzzle"? O A Volumes of new public offerings, on average, mirror the debt capital markets with a twelve month lag. OB. On average, the price of a share is much less by the end of the first day the stock first goes public C. Fees associated with going public are extremely high and rarely go down, even in hot markets OD. Long run returns for newly public stocks are very poor

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