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Which of the following mitigates winner's curse problem and induces investors to participate in IPO market? a. Underpricing IPOs on average b. Correctly pricing IPOs

Which of the following mitigates winner's curse problem and induces investors to participate in IPO market?

a. Underpricing IPOs on average

b. Correctly pricing IPOs on average

c. Overpricing IPOs on average

d. Randomly pricing IPOs around the true value purposefully

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