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Distinguish between a primary market and secondary market how does the secondary market aid the effectiveness of the primary market?
Machage
Securities generally have two stages in their lifespan. The first stage is when the company initially issues the security directly from its treasury at a predetermined offering price. This is a primary market offering. It is referred to as the Initial Public Offering (IPO).
Investment dealers frequently buy initial offerings on the primary market and resell the securities on the secondary market.
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