The stock markets in which the already issued stocks are resold and re-bought are classified as ___________?
Correct answer: D. secondary stock markets
- A. red herring stock market
- B. preemptive stock market
- C. silence stock market
- D. secondary stock markets
Explanation
A secondary market handles the resale and repurchase of securities that have already been issued. In contrast, the primary market deals with the first sale of newly issued securities.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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