The winner's curse arises because:. a) Underwriting fees.
b) Investors have noisy forecasts about fair value.
c) Investors forecasts are generally correct.
d) Startup founders are too optimistic about their value.

There are two main causes of the winner's curse, one cognitive and one emotional. Participants in an auction try to assess the value of the item on auction as best as they can. They then submit initial bids that are slightly lower than that assessment.

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number