Financial instrument to the customer.

A new customer of your bank would like to know more about two types of financial instruments: equity and debt. Explain and discuss the main features of each financial instrument to the customer. [1 mark]
The customer in part (a) would like to invest in new shares issued by ABC Ltd. but is concerned about access short-term liquidity. Explain to the customer the distinction between primary and secondary markets and why Australia’s well-developed secondary market would meet their liquidity needs.

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