Question: 7. Briefly explain the problem that results when there is an agency relationship 8. Do agency problems exist in partnerships? Why/why not? 9. Is the

7. Briefly explain the problem that results when there is an agency relationship 8. Do agency problems exist in partnerships? Why/why not? 9. Is the New York Stock Exchange (NYSE) considered to be a dealer or auction market? 10. Briefly explain the difference between primary market and secondary market transactions

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