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Which of the following statements is true about secondary markets? a. In secondary markets, outstanding shares of stock are bought and sold among investors. b.
Which of the following statements is true about secondary markets?
a. In secondary markets, outstanding shares of stock are bought and sold among investors.
b. An active secondary market causes firms to sell their new debt or equity issues at a higher transaction cost of funds.
c. None of the answers is correct
d. Most secondary market transactions directly affect the capital of the firm that issues the securities.
e. All of the answers are correct statements are true
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