What is the difference between the primary market for a


1. What is the difference between the primary market for a bond and the secondary market?

2. What is a capital gain on a financial security? If you own a bond and market interest rates increase, will you experience a capital gain of a capital loss?

3. Briefly explain why yields to maturity and bond prices move in opposite directions.

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Financial Management: What is the difference between the primary market for a
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