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Which of the following statements best describes financial markets? a.Money market transactions involve debt securities with maturities of less than one year. b.The IPO market

Which of the following statements best describes financial markets?

a.Money market transactions involve debt securities with maturities of less than one year.

b.The IPO market is a major part of the secondary market.

c.Only institutions, not individuals, can participate in derivatives market transactions.

d.If Disney issues additional shares of common stock through an investment banker, this would be a secondary market transaction.

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