Principles of Managerial Finance Plus MyLab Finance with Pearson eText -- Access Card Package (15th Edition)
Principles of Managerial Finance Plus MyLab Finance with Pearson eText -- Access Card Package (15th Edition)
15th Edition
ISBN: 9780134830131
Author: Chad J. Zutter, Scott B. Smart
Publisher: PEARSON
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Chapter 2.2, Problem 2.7RQ
Summary Introduction

To discuss:

The difference between the capital markets, broker markets and dealer markets.

Introduction:

Trading in the secondary market occurs through the market makers. A market maker is one who makes a market for securities by offering to buy or sell the securities at stated bid or ask prices. Markets are classified into broker market and dealer market based on the nature of market makers.

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