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Written by:
Robert W
Date added:
July 6, 2014
Level:
University
Grade:
A
No of pages / words:
14 / 3730
Was viewed:
6543 times
Rating of current essay:
Essay content:
This theory is based on the premise that the issuing firm has more information than the investor. According to the lemons theory; only worse than average issuers are willing to sell their shares at the average price and high quality issuers will try to distinguish themselves from this large group of issuers by selling at a below market price...
displayed 300 characters
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This theory is based on the premise that the issuing firm has more information than the investor. According to the lemons theory; only worse than average issuers are willing to sell their shares at the average price and high quality issuers will try to distinguish themselves from this large group of issuers by selling at a below market price...
displayed 300 characters
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