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

Multiple Choice

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.