Role of the secondary market

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Reference no: EM131950007

1. Which of the following is a role of the secondary market?

A. Offer securities for sale for the first time

B. Trade long term securities only

C. Establishing security prices

D. Give information for securities on sale in the primary market

2. Grandma's life savings of $100,000 earn 4% in a trust fund. You can't withdraw the money until the amount has doubled. How long will you have to wait until you can withdraw funds? Round off to the nearest year:

Reference no: EM131950007

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