Which of the following statements is not true of secondary markets?
A) After securities are sold to the public, they are traded in the secondary market between investors.
B) The secondary market prices are continually changing as investors buy and sell securities.
C) The sale of securities is made in the secondary market by way of a new issue.
D) In the secondary market, financial managers are given feedback about their firm's performance.
C) The sale of securities is made in the secondary market by way of a new issue.
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