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Larry Swedroe: When Issuance Equals Underperformance

TedTed
in The Bullpen
FYI: IPOs involve a great deal of uncertainty, which makes them riskier. As a result, investors should demand higher expected returns as compensation for that greater risk.
Regards,
Ted
http://www.etf.com/sections/index-investor-corner/swedroe-when-issuance-equals-underperformance?nopaging=1
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