10-1) General Electric (GE) has been a public company for many years with its common stock traded on the New York Stock Exchange. If GE decides to sell 500,000 shares of new common stock, the transaction will be described as a. a money market transaction because GE raises new money to fund its business. b. a secondary market transaction because GE common stock has been trading for years. c. an initial public offering. d. a seasoned equity offering because GE has sold common stock before.