Consider Figure 1A, which describes an issue of American gold certificates. a. Is this issue a primary

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Consider Figure 1A, which describes an issue of American gold certificates.

a. Is this issue a primary or secondary market transaction?

b. Are the certificates primitive or derivative assets?

c. What market niche is filled by this offering?

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Investments

ISBN: 9781259277177

11th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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