Question: To answer the multiple-choice questions, note down the answer on your answer page. You also need to offer a brief justification on your answer booklet

To answer the multiple-choice questions, note down the answer on your answer page. You also need to offer a brief justification on your answer booklet for each one of your answers in this section. (minimum 100 words per question)

  1. The transaction costs to the issuing firm in an IPO is usually ____ percent of the funds raised.

a. 1

b. 3

c. 7

d. 25

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