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Which of the following statements is true of the price of shares when they first trade on the ASX? Select one: a. Price may rise

Which of the following statements is true of the price of shares when they first trade on the ASX? Select one: a. Price may rise because speculators are selling their shares. b. Price may rise if the IPO was over-subscribed . c. Price may rise due to uncertainty surrounding the companys future earnings. d. Price may rise due to the size of underwriting fees and other expenses.

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