Consider two transactions. The Norwegian government sells bonds in the United States. The buyer of one of
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Consider two transactions. The Norwegian government sells bonds in the United States. The buyer of one of those bonds is an insurance company, which, after holding the bond for a year, sells it to a mutual fund. Which of these transactions occurs in the primary market and which in the secondary market? Does the Norwegian government get any proceeds from the sale between the insurance company and the mutual fund?
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Related Book For 
Foundations Of Financial Markets And Institutions
ISBN: 9780136135319
4th Edition
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
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