9. The role of the primary market is to: A. provide investors with liquidity. B. discover the price of securities. C. raise funds for issuers. D. reflect general price movements through benchmark indices. E. all of these. 10. The Fisher effect is the finding that: A. changes in real bond yields are associated with changes in the inflation rate. B. changes in real bond yields are associated with changes in nominal bond yields. C. changes in nominal bond yields are associated with changes in the expected inflation rate. D. changes in nominal bond yields are associated with changes in real bond yields. E. yields and inflation are independent of one another