Fundamentals of Corporate Finance (Special Edition for Rutgers Business School)
Fundamentals of Corporate Finance (Special Edition for Rutgers Business School)
11th Edition
ISBN: 9781308509853
Author: Ross, Westerfield, Jordan
Publisher: McGraw Hill
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Chapter 1.5, Problem 1.5ACQ
Summary Introduction

To discuss: The dealer market and the difference between dealer and auction market.

Introduction:

The auction market and the dealer market are the two kinds of secondary markets. It is a market where the buying and selling of previously issued instruments take place. The transactions in a secondary market involve a single creditor or an owner selling to another.

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