Question
ABC Corp. went public 3 years ago, but the company needs an infusion of cash to invest in a new project.The company decides to issue
ABC Corp. went public 3 years ago, but the company needs an infusion of cash to invest in a new project.The company decides to issue 500,000 new shares, which will trade on NASDAQ, to finance their project. Which of the following statements is true regarding this situation?
a. Anyone who purchases these shares on the day they're available to the public would be participating in a money market transaction.
b. Anyone who purchases these shares on the day they're available to the public would be participating in asecondary market transaction.
c. Anyone who purchases these shares on the day they're available to the public would be participating in abroker market.
d. None of the above
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