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From raising capital perspective, financial markets can be classified as primary markets versus secondary markets. What are the major differences between these two types of

From raising capital perspective, financial markets can be classified as primary markets versus secondary markets. What are the major differences between these two types of markets? Give some examples of primary market and secondary market transactions. What are the functions of each type of markets? Another classification scheme is private versus public markets. What are the major differences? Discuss the regulatory environment for public markets including the regulatory agency and major regulations. Why should corporate financial managers have a good understanding of financial markets?

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