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Business Finance Note Taking Guide (15th Edition) Edit editionThis problem has been solved:
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Problem 1PQ
Chapter
CH1TO4
- CH1TO4
- CH3
- CH5
- CH5TO6
- CH6
- CH7
- CH7TO8
- CH8
- CH9
- CH9TO11
- CH10
- CH11
- CH12
- CH12.P2
- CH12TO13
- CH13
Problem
1PQ
- 1PQ
- 2PQ
- 3PQ
- 4PQ
- 5PQ
- 6PQ
- 7PQ
- 8PQ
- 9PQ
- 10PQ
- 11PQ
- 12PQ
- 13PQ
- 14PQ
- 15PQ
- 16PQ
- 17PQ
- 18PQ
- 19PQ
- 20PQ
- 21PQ
- 22PQ
- 23PQ
- 24PQ
- 25PQ
- 26PQ
Step-by-step solution
Step 1 of 3
American Stock Exchange is a platform that brings the buyers and sellers of securities together to trade in such securities. It is a trading platform.
Step 2 of 3
Once the securities are issued in the primary market, those possessing the securities can sell them only in the secondary market to prospective buyers. This buy and sell of securities happen only in the Secondary market and hence American Stock exchange is a Secondary Market.
Step 3 of 3
Thus the correct option is
.
Corresponding textbook
Business Finance Note Taking Guide | 15th Edition
Business Finance Note Taking Guide (15th Edition) Edit edition
Chapter 1TO4, Problem 1PQ is solved.
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