Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter11: Investment Planning
Section: Chapter Questions
Problem 2LO
Related questions
Question
What is meant by a primary market transaction and a secondary market transaction? Give an example ofeach.
Expert Solution
Step 1
Primary market are market where equity or bonds are issued to investors for the first time.So you buy bonds and equity in primary markets on the face value at the original price.
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