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Basic Question 2 of 6
When the security is sold publicly for the first time it is traded on the ______ market, whereas all subsequent trades are traded on the ______ market.
B. initial; stock
C. Dutch auction; secondary
D. primary; secondary
A. secondary; tertiary
B. initial; stock
C. Dutch auction; secondary
D. primary; secondary
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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
Learning Outcome Statements
define primary and secondary markets and explain how secondary markets support primary markets
CFA® 2025 Level I Curriculum, Volume 3, Module 1.