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Basic Question 5 of 7
Which is the best mechanism for bond price discovery?
B. Best efforts
C. Auctions
A. Underwriting
B. Best efforts
C. Auctions
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
compare primary and secondary fixed-income markets to equity markets
CFA® 2025 Level I Curriculum, Volume 4, Module 3.