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Which of the following is true about IPOs? A) There is not a moral hazard problem. B) The underpricing is usually small (e.g.. 1%). C)

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Which of the following is true about IPOs? A) There is not a moral hazard problem. B) The underpricing is usually small (e.g.. 1%). C) Their sale in the marketplace is stable. D) IPOs are not underpriced if best efforts is used by the underwriter. E) There is a moral hazard

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