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Managerial finance

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Please identify and explain the different financial markets, their functions, primary instruments, and the investor types.

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Solution Summary

This discusses financial markets and investor types.

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Financial markets can be classified into primary and secondary markets for debt and equity securities.
Primary market refer to the original sale of securities by governments and corporations. Secondary markets are those in which these securities are bought and sold after the original sale.
In a primary market transaction, the corporation ...

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