Question: ANSWER BETWEEN 2-3 SENTENCES! 1. Explain the difference between primary markets and secondary markets and explain who the participants are in both markets. 2. What

ANSWER BETWEEN 2-3 SENTENCES!

1. Explain the difference between primary markets and secondary markets and explain who the participants are in both markets.

2. What is default risk and why is it important?

3. What is maturity risk and why is it important?

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