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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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I used your notes and passed ... highly recommended!
Lauren
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.