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Basic Question 2 of 6
When the security is sold publicly for the first time it is traded on the ______ market, whereas all subsequent trades are traded on the ______ market.
B. initial; stock
C. Dutch auction; secondary
D. primary; secondary
A. secondary; tertiary
B. initial; stock
C. Dutch auction; secondary
D. primary; secondary
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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
define primary and secondary markets and explain how secondary markets support primary markets
CFA® 2024 Level I Curriculum, Volume 3, Module 1.