Essentials of Corporate Finance
Essentials of Corporate Finance
8th Edition
ISBN: 9780078034756
Author: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 1, Problem 7CTCR

Primary versus Secondary Markets. You’ve probably noticed coverage in the financial press of an initial public offering (IPO) of a company’s securities. Social networking company Facebook is a relatively recent example. Is an IPO a primary market transaction or a secondary market transaction?

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