16 Which of the following is a primary market transaction You sell 200 shares of IBM stock on the NYSE through your broker IBM issues 2,000,000 shares of new stock and sells them to the public through an investment banker. A sole proprietorship buys shares of stock of a public corporation, and then sells the shares of stock to another sole proprietorship One financial institution buys 200,000 shares of IBM stock from another institution. An investment bank arranges the transaction You buy 200 shares of IBM stock from your brother. The trade is not made through a broker- you just give him cash and he gives you the stock QUESTION 17 A bond that has a $1,000 par value with several years until maturity and a 10% coupon rate with annual payments recently sold for $1,100. The yield to maturity is greater than 10% is 10% is less than 10% cannot be determined