Question: Indicate whether the following statement is true or false. Provide explanation or calculation to support your answer. 2. To the extent that shares sold during

Indicate whether the following statement is true or false. Provide explanation or calculation to support your answer. 2. To the extent that shares sold during an IPO are discounted from their appropriate price, the proceeds that the issuing firm receives from the IPO are lower than it deserves. IPO tend to occur more primarily during recessions. A) True B) False Explanation

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