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The market for newly issued securities and initial public offerings (IPOs) is the secondary market primary market. initial market. open market. If Larry makes annual

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The market for newly issued securities and initial public offerings (IPOs) is the secondary market primary market. initial market. open market. If Larry makes annual year-end payments of $6500.39 on a 12-year loan with an annual interest rate of 6.3 percent compounded semi-annually, what is the original principal amount for Larry's loan? $52 000 $53 325 $55 000 $55 700

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