An extensive study by Karolyi (1996) reports i) the share price reacts favorably to cross-border listings. ii) the total postlisting trading volume increases on average, and, for many issues, home-market trading volume also increases iii) liquidity of trading in shares improves overall iv) the stock's exposure to domestic market risk is significantly reduced and is associated with only a small increase in global market risk v) cross-border listings resulted in a net reduction in the cost of equity capital of 114 basis points on average vi) stringent disclosure requirements are the greatest impediment to cross-border listings O a. i), ii), and iii) O b. i), ii), iii), iv), v), and vi) O c. iii), iv), and v) O d. iv), v), and vi)