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Which one of the following statements is correct? a. All secondary markets are broker markets. b.All stock transactions are secondary market transactions. c.All Dutch auction

Which one of the following statements is correct?

a. All secondary markets are broker markets.

b.All stock transactions are secondary market transactions.

c.All Dutch auction sales are secondary market transactions

d.All stock trades between existing shareholders are secondary market transactions.

e.All secondary markets are dealer markets.

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