Question

Do initial public offerings (IPOs) of stock significantly increase in value, on average, in the short term? Test using the data from Table 4.3.7 that show performance of initial offerings as percent increases from the offer price, with most newly traded companies increasing in value while some lost money. Please give the p-value (as either p > 0.05, p < 0.05, p < 0.01, or p < 0.001) as part of your answer.


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  • CreatedNovember 11, 2015
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