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Which of the following functions are functions of the secondary market? I. Provide liquidity for current stockholders II. Equate the demand and supply of securities
Which of the following functions are functions of the secondary market?
I. Provide liquidity for current stockholders
II. Equate the demand and supply of securities
III. Provide a market for seasoned new issues
IV. Provide continuous pricing of securities
(a) I and II only
(b) II and IV only
(c) I and III only
(d) I, II and IV only
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