Initial public offerings (ipos) are usually relative to the levels at which their prices stabilize after they begin trading in the secondary market. a. overpriced b. correctly priced *c. underpriced d. mispriced, but without any particular bias

a. overpriced

Explanation:

Initial public offerings (IPOs) consist of going public on large companies on the stock exchanges through shares representing a share of the company. When an investor buys a share, he or she becomes a minority shareholder in the company's ownership structure. Normally, when companies open their IPOs, there is a high expectation from economic agents, increasing the demand for them. Therefore, the price is usually higher than the market price. Over time, the price adjusts to normal.

answer; /// i do believe that the correct answer is (d) majority vote as an approval requirement;

answer; i believe the correct answer is (4) flip a coin as each participant arrives,heads indicates assignment to the first group: tails indicates assignment to the second group;