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Which of the following statements about the issuance of an initial public offering (IPO) is correct? A. IPO's may be either underpriced or overpriced. B.

Which of the following statements about the issuance of an initial public offering (IPO) is correct?

A. IPO's may be either underpriced or overpriced.

B. IPO's are never overpriced.

C. IPO's are never underpriced.

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