Which of the following statements is correct?

Group of answer choices

The NYSE is the newest and less prominent primary market in the U.S.

All the answers are correct.

Initial Public Offering (IPO) is a common stock of a company being sold for the first time.

The advantages of private placements include a lower interest cost because the buyer usually require lower interest rate than would be offered in a public subscription.

In the investments area, an ECN is an inefficient system that matches and crosses members security trades at a higher cost of trading.