What is secondary market discuss four types of secondary

Question

Q1. What is secondary Market? Discuss four types of Secondary market.

Q2. Differentiate between Common Stock and preferred stock.

Q3. What do you mean by capital budgeting. Also discuss its importance.

Q4. Project X has following cash flows,

CF₀                   CF₁                                      CF₂                                      CF₃             

-$5000             $1000              $2000              $3000

If the firm's cost of capital is 12%, using NPV technique state whether the project should be accepted or rejected.