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Opis

Excerpt from Underpricing of Seasoned Issues In this paper we provide a model of the underwritten offerings of new shares of seasoned securities. Our purpose is to explain why the offering price chosen by the underwriter is lower than the market price of the firm's shares. Our model recognizes the interdependence between the markets surrounding the announcement and sale of the new issue and recognizes as well the effect which asymmetric information regarding investor demands has upon the prices in these markets. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Szczegóły książki

• Pełny tytuł: Underpricing of Seasoned Issues (Classic Reprint)
• Autor: John Parsons
• Język: Angielski
• Oprawa: Miękka
• Liczba stron: 40
• EAN: 9781332247455
• ISBN: 9781332247455
• ID: 09830741
• Wydawca: Forgotten Books
• Waga: 68 g
• Wymiary: 229 × 152 × 2 mm
• Data wydania: 05. August 2015

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