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Problem:

James wishes to buy shares of a newly formed exercise equipment distributor. These newly issued stocks are purchased from the ________________.

  • primary market where issues of securities are first sold to the public
  • secondary market where options to buy or sell securities are traded
  • primary market where foreign exchange is traded
  • secondary market where securities are bought and sold
  • secondary market where futures contracts are traded

Note: Please provide step by step solution.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91148312

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