Stock COIN initially listed on stock exchange on 4/14/2021. Its IPO is priced at $250...
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Stock COIN initially listed on stock exchange on 4/14/2021. Its IPO is priced at $250 per share. The stock was opened at $381, with a high of $429.52 and a low of $310. It was closed at $328.28 on 4/14/2021. The stock This stock was closed at $297.64 on 4/30/2021. The stocks IPO return is___________, and the IPO was______________. A. 52.40%, overpriced by 13.84%. B. 71.81%, underpriced by 31.31%. C. 24%, fairly priced. D. 31.31%, underpriced by 31.31%. E. -13.84%, overpriced by 13.84%.
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