1. Asymmetric Information and Credit-Rating Services 2. Agency problems in the mortgage markets 3. Financial Innovation in the Mortgage markets 4. Collateralized debt obligations (CDOs) 5. None of the given 11. Differentiate between primary and secondary capital markets. 1. Profits from primary market go to issuer whereas gains from secondary market 2. There is no big difference between them because of the transaction cost 3. Primary market took place in the 20 century, nowadays we only have ... 4. Primary market is determined by today's share prices compared to