Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN:9781337485913
Author:BROOKS
Publisher:BROOKS
Chapter8: Subprime Lending Fiasco-ethics Issues
Section: Chapter Questions
Problem 3.4EC
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Question
What is meant by a primary market transaction and a secondary market transaction? Give an example ofeach.
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Step 1
Primary market are market where equity or bonds are issued to investors for the first time.So you buy bonds and equity in primary markets on the face value at the original price.
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