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Which of the following statements is/are TRUE? I. American option holders generally prefer to exercise their options as early as possible. II. Dividend payout affects

Which of the following statements is/are TRUE?

I. American option holders generally prefer to exercise their options as early as possible.

II. Dividend payout affects the capital structure of the company by replacing equity with debt.

III. Underwriters can use underpricing to achieve a successful IPO.

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