Raising capital
Free IMA CMA Part 2 (Strategic Financial Management) lesson in Corporate Finance. 11 min read, ~1,614 words.
Primary markets sell new securities to investors; secondary markets (NYSE, Nasdaq, OTC) trade existing securities among investors. The issuer receives no cash from secondary trades. Market efficiency: weak (past prices priced in, technical analysis fails), semi-strong (all public info priced in, fundamental analysis fails), strong (even insider info priced in...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- 2B3
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