The process shown above is ____________.
Definitions:
Secondary Market
The financial market where investors purchase and sell securities they already own, as opposed to the primary market where securities are first issued.
Firms
Firms are business organizations engaged in commercial, industrial, or professional activities, typically comprised of a partnership or a corporation.
Primary Market
The financial market for new securities issues where corporations sell new stocks and bonds to the public for the first time.
Equity Offering
The issuance of new shares by a company to the public or to institutional investors to raise capital.
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