General industry standards for a conventional loan specify a maximum LTV of 60 percent.

Which one of the following statements is correct?

a. All secondary markets are dealer markets b. All secondary markets are broker markets c. All stock trades between existing shareholders are primary market transactions d. All stock transactions are secondary market transactions e. All over-the-counter sales occur in dealer markets

Identify the strategy that involves selling the extra production at a discount to a market separate from the main market

A) second-market discounting B) penetration pricing C) competitive pricing D) periodic discounting