Which One of the Following Tends to Be True for the Average

Multiple Choice

Which one of the following tends to be true for the average investor?

A) They frequently earn initially high returns on IPOs when shares are undersubscribed.
B) They generally receive their full allocation of shares even when an IPO is oversubscribed.
C) They often encounter the "winner's curse."
D) They are protected from losses by the Green Shoe provision.
E) Average investors are not allowed to purchase IPOs at the offer price.