A five-year security was purchased two years ago by an investor who plans to resell it. The security will be sold by the investor in the so-called

Question

Quizplus · Accepted Answer

The secondary market is where securities are bought and sold after their initial issuance in the primary market. Since the investor purchased the security two years ago, it is no longer in the primary market and can only be sold in the secondary market.

A Five-Year Security Was Purchased Two Years Ago by an Investor