- CFA Exams
- CFA Exam: Level I 2021
- Study Session 12. Equity Investments (1)
- Reading 36. Market Organization and Structure
- Subject 6. Primary Security Markets
CFA Practice Question
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
Correct Answer: D
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