a,b,c,d or e ?

Question 4 Floation cost includes Gross spread Direct expenses Indirect expenses Abnormal returns All of above Question 9 Which of the following(s) is (are) correct for IPO underpricing? I. 'Winner's Curse' is one of the proposed arguments to explain the underpricing. II. On average, Underpricing can be seen in all industries and IPO sizes. III. Without underpricing, companies could raise more funding. Only I and II Only II and III Only I and III O I, II and III Only A Moving to another question will save this response.