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Having heard about IPO underpricing, I put in an order to my broker for 1,000 shares of every IPO he can get for me. After three months, my investment record is as follows: IPO Shares Allocated to Me Price per Share Initial Return A 500 10 7 % B 200 20 12 C 1,000 8 -2 D 0 12 23 a. What is the average underpricing in dollars of this sample of IPOs? b. What is the average initial return on my "portfolion" of shares
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