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Which of the following statement is NOT correct? During IPOs, underwriters purchase shares from issuing firms and resell them Both open-end and close-end fund shares

Which of the following statement is NOT correct?

During IPOs, underwriters purchase shares from issuing firms and resell them

Both open-end and close-end fund shares can be traded

None of the above

There is a decrease in number of IPOs after 2000

Purchases of new issues of stock take place in the primary market

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