Question: a) Explain the difference(s) between the primary and secondary equity market. (2 marks) b) Explain the difference(s) between market orders and limit orders in ASX.

a) Explain the difference(s) between the primary and secondary equity market. (2 marks) b) Explain the difference(s) between market orders and limit orders in ASX. (2 marks) c) Explain why the bid price is always smaller than the ask price displayed in the limit order book of a stock. (2marks) d) Explain how market manipulation can happen during auctions and what practices/rules are adopted by stock exchanges in order to prevent it? (2 marks)

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