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Which one of the following statements is generally correct?Multiple ChoicePrivate placements must be registered with the SEC. All secondary markets are auction markets. Dealer markets

Which one of the following statements is generally correct?Multiple ChoicePrivate placements must be registered with the SEC. All secondary markets are auction markets. Dealer markets have a physical trading floor. Auction markets match buy orders with sell orders. Dealers arrange trades but never own the securities

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