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Statement 1: Firms issue securities in the secondary market to raise the capital necessary to finance their business. Statement 2: Issue price (i.e., offer price)

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Statement 1: Firms issue securities in the secondary market to raise the capital necessary to finance their business. Statement 2: Issue price (i.e., offer price) of the IPO firm is usually larger than its first-day close price in the secondary market. Statement 3: Your owned non-voting shares of a public listed firm can be bought from and sold to another investor in the primary market. Statement 4: Trading may take place in dealer market, via electronic communication networks (ECNs), or in specialist market. Which of the above statements are most likely to be correct and incorrect? Statements 3 and 4 are correct, and Statements 1 and 2 are incorrect. Statement 2 is correct, and Statements 1,3, and 4 are incorrect. Statement 4 is correct, and Statements 1,2 , and 3 are incorrect. Statements 2 and 4 are correct, and Statements 1 and 3 are incorrect

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