Financial Management: Theory & Practice (MindTap Course List)
Financial Management: Theory & Practice (MindTap Course List)
15th Edition
ISBN: 9781305632295
Author: Eugene F. Brigham, Michael C. Ehrhardt
Publisher: Cengage Learning
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Chapter 1, Problem 7Q
Summary Introduction

To discuss: Whether IPO (Initial Public offering) is an example of secondary or primary transaction.

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Why is stock exchange referred to as a secondary market? What functions does it perform?
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