Intro to Finance- Exam 1
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For each transaction indicate whether it is in the primary or secondary market. Ron Brown purchases a bond from the issuer at par. __________ Ron purchases stock in Jet Co. at its current market price on the NYSE _________ Johnny Venture buys newly issues stock in Cloneworks, Inc. from Cloneworks ___________
1) Primary 2) Secondary 3) Primary
What are the two types of external capital?
Debt Securities Equity Securities
