Ritter's study of Initial Public Offerings (IPOs) showed that the post offering stock performance was:. A. less than the control group by about 2% in the five years following the IPO. B. incorrectly priced at issuance because over the next five years the abnormal returns were greater than zero on average. C. immaterial to the pricing of the IPO because future market performance is unknown at issuance. D. equal across IPOs, irrespective of risk or which year they were issued. E. All of these.

Required: 1-a. the marketing manager argues that a $5,000 increase in the monthly advertising budget would increase monthly sales by $9,000. calculate the increase or decrease in net operating income. 1-b. should the advertising budget be increased ? yes no hintsreferencesebook & resources hint #1 check my work 8.value: 1.00 pointsrequired information 2-a. refer to the original data. management is considering using higher-quality components that would increase the variable expense by $2 per unit. the marketing manager believes that the higher-quality product would increase sales by 10% per month. calculate the change in total contribution margin. 2-b. should the higher-quality components be used? yes no