Your broker offers you 1000 shares of an imminent IPO at the offering price. As an uninformed investor should you buy? Multiple Choice Yes, even if it is initially overpriced you are sure to make a profit in the long run No, IPOs are overpriced on average No, the fact that you can get in on this deal means it is probably overpriced Yes, the majorty of IPOs are underpriced so you are likely to make a profit Yes, IPOs are always underpriced so you will make a large profie