Worth 10 points. Due on Tuesday, February 28. No late submission will be accepted Answer the following questions 1. Define and differentiate primary market and secondary market. 2. Define and differentiate private placement and public offering. 3. What is right offering? How does it differ from warrant? 4. What is initial public offering (IPO)? What are the main responsibilities of the investment banks in the IPO process? 5. What is a seasoned offering? 6. What are the differences between organized stock exchanges and NASDAQ? 7. Distinguish specialists and dealers on the stock market. 8. When an investor submits an order to trade a stock, the order can be a market order or a limit order. What is a market order? What is a limit order? 9. What is bid price? What is ask price? Which one is higher? What is spread