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Basic Question 0 of 5
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
User Contributed Comments 0
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
compare primary and secondary fixed-income markets to equity markets
CFA® 2026 Level I Curriculum, Volume 4, Module 3.