Which of the following statements is incorrect?

Group of answer choices

Blue-chip stocks are well-known, stable, mature companies with long records of earnings and dividends.

All the answers are correct except one.

An IPO is the sale of a publicly traded company, while a seasoned issue represents the first time an issuer has sold securities to the public.

Investment banker is a firm specializing in the sale of new securities to the public, typically by underwriting the issue.

A price-weighted series gives more weight to higher priced stocks, whereas under a value-weighted approach, each stocks importance is based on relative market value, not price per share.