Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter1: An Overview Of Financial Management And The Financial Environment
Section: Chapter Questions
Problem 15MC
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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