suppose a given security ( stock / bond ) is sold in primary market for the first time at any given price price ,lets say " X "
then after it lands in the secondary market .
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how to predict if the price of a given security in secondary market will be higher or lower than its price in the primary market ?
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kindly explain keeping only govt.securities, corporate bonds , debentures , debt. instruments of any & all kinds , bonds of govt. bodies like NHAI , IREDA , IRFC , LIC etc , in focus.
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kindly explain with espect to IPOs .