If many investors quickly sell an IPO stock in the secondary market, there will be on the stock's price. a. upward pressureb. downward pressurec. no additional pressured. e. all of the above

b. downward pressure

Explanation:

Initial Public Offering is a market launch of shares of a company to be sold to institutional, retail investors.

IPOs are sold in Primary stock markets, where new new securities are created by companies & sold to public for the first time.

However, there are also secondary stock markets, where old previously launched securities are sold second handed-ly by investors.

If the stock is quickly sold in secondary market, more of its demand will be satisfied by secondary market.

This will reduce its demand in primary markets, so it will create downward pressure on the stock's price

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

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