- CFA Exams
- CFA Exam: Level I 2021
- Study Session 14. Fixed Income (1)
- Reading 43. Fixed-Income Markets: Issuance, Trading, and Funding
- Subject 2. Primary and Secondary Bond Markets
CFA Practice Question
When a security is sold publicly for the first time it is traded on the ______ market, whereas all subsequent trades are traded in the ______ market.
B. primary; secondary
C. initial; stock
A. auction; secondary
B. primary; secondary
C. initial; stock
Correct Answer: B
User Contributed Comments 0
You need to log in first to add your comment.