Which of the following statements about primary and secondary markets is FALSE()
A. The proceeds from a sale in the secondary market go to the issuing unit, not the current owner of the security.
B. The primary market benefits from the liquidity provided by the secondary market.
C. A secondary market is a market in which existing securities are traded among investors.
参考答案:A
解析:
Proceeds in a primary market go to the issuing firm less flotation costs if any. Proceeds in the secondary market go directly to the current owner or seller of the securities.