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• Discuss the evolution of the securities markets, including the impact of the NASDAQ, CME, ECNs, and foreign exchanges.

• Explain the role of securities markets in the efficient allocation of capital among issuers and investors based on the efficient market hypothesis.

• Evaluate if the presence of dark pools enhances or reduces capital market efficiency.

• Finally, find a real-life company that has made raised capital in 2020 and discuss the method used. If possible, try to select a company that a fellow student has not already selected.

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