Question: Briefly explain the distinction between the two items that make up each of the following pairs: Direct financing versus indirect financing Primary markets versus secondary

Briefly explain the distinction between the two items that make up each of the following pairs: Direct financing versus indirect financing Primary markets versus secondary markets Organized exchanges versus over-the-counter markets Domestic securities versus international securities Domestic securities versus foreign securities Private placement versus public offering Rights issue versus general cash offering Underwritten issue versus best efforts distribution Originating house versus selling group Seasoned issue versus secondary distribution

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