A corporation acquires new funds only when its securities are sold in the( ) 1) secondary market by an investment bank 2) primary market by a stock exchange broker 3) secondary market by a securities dealer 4) secondary market by a commercial bank 5) primary market by securities commission in the capacity of having a legal authority 6) none of the answers are correct

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter27: Investment, The Capital Market, And The Wealth Of Nations
Section: Chapter Questions
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A corporation acquires new funds only when its securities are sold in the( ) 1) secondary market by an investment bank 2) primary market by a stock exchange broker 3) secondary market by a securities dealer 4) secondary market by a commercial bank 5) primary market by securities commission in the capacity of having a legal authority 6) none of the answers are correct
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