A primary market is: -the financial market where new security is sold for the first time. -the financial market where previously issued securities are sold the second time. -a product market where previously issued securities are resold (traded). -product market where products are sold for the second time Explain the correct option answer well.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA2: Investments
Section: Chapter Questions
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A primary market is:

-the financial market where new security is sold for the first time.

-the financial market where previously issued securities are sold the second time.

-a product market where previously issued securities are resold (traded).

-product market where products are sold for the second time

Explain the correct option answer well.

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