Identify what type of transactions (direct or indirect) the following are: a. You buy 200 shares of
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a. You buy 200 shares of Fidelity Growth Mutual Fund.
b. Roger buys a bank CD for $5,000.
c. Bank of America makes a $25,000 loan to Leila’s Coffee Shop.
d. Nora buys $3,000 of Xerox bonds from a new issue.
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a Indirect since Fidelity is an investment fund b Indire...View the full answer
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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