Some economists believe that investment banks

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Some economists believe that investment banks ________ IPOs; the evidence they point to is that the stock price ________ in the secondary markets.

A. underprice; often jumps to a higher price

B. overprice; often falls to a lower price

C. correctly price; remains the same

D. overprice; often jumps to a higher price

Reference no: EM13848463

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