Choose the Word or Phrase in [ ] Which Will

question 72

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-The [primary | secondary] market is where new securities are sold to the public.

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Definitions:

Capital Accounts

Accounts that reflect the initial and subsequent contributions of owners or partners, along with their share of the net income or loss over time.

Final Distribution

The process of allocating the remaining assets of a company, estate, or trust to the rightful beneficiaries or owners after all obligations have been met.

Market Value

The current price at which an asset or service can be bought or sold in the market.

Book Value

The value of a company or asset according to its financial statements, calculated by taking the total assets minus the liabilities and intangible assets.