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Investment banks: are firms that specialize in helping businesses and governments sell their new security issues (debt or equity) in the primary markets to finance

Investment banks: are firms that specialize in helping businesses and governments sell their new security issues (debt or equity) in the primary markets to finance capital expenditures are the most important participants in the direct market are the most important participants; in the indirect market after the securities are sold, investment bankers make secondary markets for the securities as brokers and dealers. All of the above A, C, and D are correct A, B, and D are correct

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