The research done by Ikenberry,Lakonishok,and Vermaelen supports the argument that mangers:
A)effectively time IPOs but not SEOs.
B)cannot effectively time IPOs.
C)cannot effectively time either stock sales or repurchases.
D)effectively time stock repurchases.
E)can effectively time stock sales but not repurchases.

Question

Quizplus · Accepted Answer

The research by Ikenberry, Lakonishok, and Vermaelen indicates that managers are able to effectively time stock repurchases, suggesting they can identify when their company's stock is undervalued.

The Research Done by Ikenberry,Lakonishok,and Vermaelen Supports the Argument That