| Observed | Predicted | |||
| D_Underpricing | Percentage Correct | |||
| Not Underpriced | Underpriced | |||
| D_Underpricing | Not Underpriced | 20 | 17 | 54.1 |
| Underpriced | 10 | 40 | 80.0 | |
| Overall Percentage |
|
| 69.0 | |