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The presence of transaction costs in financial markets explains, in part, why a . financial intermediaries and indirect finance play such an important role in
The presence of transaction costs in financial markets explains, in part, why
a financial intermediaries and indirect finance play such an important role in financial markets.
b equity and bond financing play such an important role in financial markets.
c corporations get more funds through equity financing than they get from financial intermediaries.
d direct financing is more important than indirect financing as a source of funds.
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