Question
Corporations do not receive any funds from investors when their bonds are re- sold in a secondary market. Nonetheless corporations prefer that their bonds trade
Corporations do not receive any funds from investors when their bonds are re- sold in a secondary market. Nonetheless corporations prefer that their bonds trade in a secondary market that is more liquid rather than less liquid (or "illiquid"). Explain why that is the case. No diagram is needed to answer this question
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Managerial Economics
Authors: William F. Samuelson, Stephen G. Marks
8th edition
1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948
