Business, 21.12.2020 23:50 sanakhalid9728

The winner's curse arises because:. a) Underwriting fees.
b) Investors have noisy forecasts about fair value.
c) Investors forecasts are generally correct.
d) Startup founders are too optimistic about their value.

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The winner's curse arises because:. a) Underwriting fees.
b) Investors have noisy forecasts...

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