Fundamentals of Corporate Finance Alternate Edition
Fundamentals of Corporate Finance Alternate Edition
10th Edition
ISBN: 9780077479459
Author: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
Publisher: MCGRAW-HILL HIGHER EDUCATION
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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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