Reference no: EM131854005
1. The Primary Market is ______ and the Secondary Market is ______.
where new securities are issued; where already issued securities are traded
where already issued securities are traded; where new securities are issued
where prime real estate is sold; where secondary real estate is sold
where the best corporate securities are issued; where lower quality securities are traded
2. Bobby is 23 and wants to retire in 40years. He plans to invest $700 a month from his pay into an IRA that can earn 6.00% interest. Bobby wants to have $1,000,000 in his IRA when retires. Bobby ____ his goal because ____.
will; he will have exactly $1,000,000
will not; he will have $1,200,000
will; he will have about $1,068,214
will not; he will have about $947,521