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Financial Management
b) UNCERTAINTY of Returns
(Risk - Ch. 6)
Government
Government
Government
Investors
Government
Investors
Government
Investors
Government
Investors
Cash flow
Government
Investors
Cash flow
tax
Government
Investors
Cash flow
tax
Government
Investors
Cash flow
tax
dividends, etc.
Government
Primary Market
Primary Market
Market in which new issues of a security are sold to initial buyers.
Primary Market
Market in which new issues of a security are sold to initial buyers.
Secondary Market
Primary Market
Market in which new issues of a security are sold to initial buyers.
Secondary Market
Market in which previously issued securities are traded.