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2. The value of Volkswagen (VOW) stock plunged (went down) as much as 23% after it admitted to cheating on U.S. air pollution tests for

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2. "The value of Volkswagen (VOW) stock plunged (went down) as much as 23% after it admitted to cheating on U.S. air pollution tests for yeprs". Requirements: 1. Was this change in the price of stock primary or secondary market activity? Why? Capital or money market activity? Why? Explain. 2. The word Volkswagen above was followed by "VOW," why? what is that? How is it called, and what it used for? 3. One of the stock markets' benefits is that they "force companies to be ethical." Explain that statement in light of the Volkswagen example above. 4. Based on the information provided here, do you think Volkswagen is a corporation or an LLC? How do you know? Explain. S

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