Are the significantly positive short-run returns and the, Corporate Finance

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Are the significantly positive short-run returns and the

1. If you were an investment banker, how would you determine the offering price of an IPO?

2. Are the significantly positive short-run returns and the significantly negative long-run returns, earned by IPO shareholders, compatible with market efficiency? If not, why not?

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Corporate Finance: Are the significantly positive short-run returns and the

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