Question

Which of the following statements about the primary market is correct?      1. It is a market for trading existing securities.      2. It involves the issuance of new securities.      3. It includes IPOs and FPOs.

A 1 and 2 only
B 2 and 3 only
C 1 and 3 only
D 2 only
E 1, 2, and 3
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