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Question
According to economists, this is the main reason for underpricing of new issues.
A. Lack of competition among existing investment banks.
B. Entry of banks into the investment banking sector.
C. Monopoly power of the existing investment banks.
D. Mismatch of demand and supply of securities.
E. Risk premium for information advantage possessed by issuers.
Answer
This answer is hidden. It contains 1 characters.
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