1. Often, when a buyer purchases a business, they want to purchase only the assets, leaving the seller to pay off the assets even if the price paid includes the value of the assets. The advantage to the buyer of doing this is

a. there are no taxes on assets, only liabilities.

b. that the buyer will have the ability to take on new liabilities (debt and equity) in order to grow the business.

c. both a. and b. are true.

d. neither a. nor b. are true.

2. When a business wants to issue and sell stock, the stock is generally initially sold in the primary market by

a. an Investment Banking firm.

b. Wall Street stock brokers.

c. the Securities and Exchange Commission.

d. Donald Trump.