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What is secondary market discuss four types of secondary

Q1. What is secondary Market? Discuss four types of Secondary market.

Q2. Differentiate between Common Stock and preferred stock.

Q3. What do you mean by capital budgeting. Also discuss its importance.

Q4. Project X has following cash flows,

CF₀ CF₁CF₂CF₃

-$5000 $1000 $2000 $3000

If the firm's cost of capital is 12%, using NPV technique state whether the project should be accepted or rejected.

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