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Following the Initial Public Offering (IPO), the shares of Rosetta Stone, the language instruction company, jumped almost 44 percent from an initial price of $18 to $25.55 in late-morning trade on April 16, 2009. Please give 2 possible reasons that might describe the price jump on its initial day of trading on the New York Stock Exchange.
Pursuing self esteem ambitions and Creative Accounting Pursuing power and self esteem ambitions This is called "empire building" to enlarge the firm via acquisitions and me
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How to calculate the present value of assignment??
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