Fundamentals of Corporate Finance
Fundamentals of Corporate Finance
11th Edition
ISBN: 9780077861704
Author: Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Bradford D Jordan Professor
Publisher: McGraw-Hill Education
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Chapter 1.5, Problem 1.5ACQ
Summary Introduction

To discuss: The dealer market and the difference between dealer and auction market.

Introduction:

The auction market and the dealer market are the two kinds of secondary markets. It is a market where the buying and selling of previously issued instruments take place. The transactions in a secondary market involve a single creditor or an owner selling to another.

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