Classify the following transactions as taking place in the primary or secondary markets: (LG 1-1) a. IBM
Question:
Classify the following transactions as taking place in the primary or secondary markets: (LG 1-1)
a. IBM issues $200 million of new common stock.
b. The New Company issues $50 million of common stock in an IPO.
c. IBM sells $5 million of GM preferred stock out of its marketable securities portfolio.
d. The Magellan Fund buys $100 million of previously issued IBM bonds.
e. Prudential Insurance Co. sells $10 million of GM common stock.
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Related Book For 
ISE Financial Markets And Institutions
ISBN: 9781265561437
8th International Edition
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
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