Studies have shown that the best time to sell an unseasoned issue is:
A)prior to announcement of a merger.
B)shortly after the initial distribution.
C)after one year of trading.
D)More than one of the above

Question

Quizplus · Accepted Answer

Recent research by Barry and Jennings calculated positive excess returns of 8.69% on the first date of trading for new issues but discovered that 90% of that gain occurred on the opening transaction.

Studies Have Shown That the Best Time to Sell an Unseasoned