What does it mean to describe a bond as being bought and sold in a secondary market?

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What does it mean to describe a bond as being bought and sold in a “secondary market”?

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Money Banking And The Financial System

ISBN: 1801

3rd Edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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Question Posted: Dec 31, 2018 11:41 AM

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What does it mean to describe a bond as being bought and sold in a secondary market?

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A newly issued bond is purchased in ...View the full answer

Money Banking And The Financial System

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