Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Why Are Secondary Markets Important?
Expert Solution
Step 1
Secondary market:
Secondary market is defined as a place where purchase and sale of securities is made. Secondary market comprises of both debt as well as equity market. Secondary market is also known as stock market. Secondary market deals with the purchase and sale of already issued debt and equity securities of companies and others.
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