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Why do company manager-owners smile when they ring the stock exchange bell at their ipo?A. An IPO's price goes up on the first day, generating guaranteed returns for investors. B. Manager-owners are freed of the burden of managing their company. C. An IPO reveals the value of the manager-owners' stake. D. Manager-owners receive their first stake in the company at an IPO.
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Why do company manager-owners smile when they ring the stock exchange bell at their ipo?A. An IPO's...
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