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    Question

    Which of the following is not a secondary market

    instrument?
    A Debentures Correct Answer Incorrect Answer
    B Preference shares. Correct Answer Incorrect Answer
    C Qualified institutional placement Correct Answer Incorrect Answer
    D Equity Correct Answer Incorrect Answer

    Solution

    тАв A secondary market is a platform wherein the shares of companies are traded among investors. тАв Examples of fixed income securities are тАУ debentures, bonds, and preference shares. тАв Examples of variable income instruments are тАУ equity and derivatives.

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