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Basic Question 3 of 7
When a security is sold publicly for the first time it is traded on the ______ market, whereas all subsequent trades are traded in the ______ market.
B. primary; secondary
C. initial; stock
A. auction; secondary
B. primary; secondary
C. initial; stock
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Learning Outcome Statements
compare primary and secondary fixed-income markets to equity markets
CFA® 2025 Level I Curriculum, Volume 4, Module 3.