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Which of the following statements is true?

No answer text provided.

The secondary market is important because it is where publicly traded firms raise capital.

The secondary market is important because its existence increases the amount of capital

that publicly traded firms can raise when they issue securities$.$

The secondary market is unimportant for publicly traded firms.

No answer text provided.

The secondary market is important because it is where publicly traded firms raise capital.

The secondary market is important because its existence increases the amount of capital

that publicly traded firms can raise when they issue securities$.$

The secondary market is unimportant for publicly traded firms.