Which of the following statements is/are FALSE regarding the differences between the New issue market and capital market? 1. New issues are distributed to investors in the primary market while existing securities are traded in the secondary market. 2. Existing securities are traded in the primary market while new issues are distributed to investors in the secondary market. 3. Existing securities are distributed to investors in the primary market while new issues are traded in the secondary market.
Which of the following statements is/are FALSE regarding the differences between the New issue market and capital market? 1. New issues are distributed to investors in the primary market while existing securities are traded in the secondary market. 2. Existing securities are traded in the primary market while new issues are distributed to investors in the secondary market. 3. Existing securities are distributed to investors in the primary market while new issues are traded in the secondary market.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
Section: Chapter Questions
Problem 34CYBK
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Q11
Transcribed Image Text:1 only
1, 2 and 3 only
2 and 3 only
1 and 2 only
Transcribed Image Text:Which of the following statements is/are FALSE
regarding the differences between the New issue
market and capital market?
1. New issues are distributed to investors in the
primary market while existing securities are traded
in the secondary market.
2. Existing securities are traded in the primary
market while new issues are distributed to
investors in the secondary market.
3. Existing securities are distributed to investors in
the primary market while new issues are traded in
the secondary market.
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