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All of the following are secondary market transactions except __________. A.) GE sells $30 million of new preferred stock. B.) Microsoft sells $2 million of

All of the following are secondary market transactions except __________. A.) GE sells $30 million of new preferred stock. B.) Microsoft sells $2 million of IBM preferred stock out of its marketable securities portfolio. C.) The Magellan Fun buys $100 million of Apple previously issued bonds. D.) All-State Insurance Co. sells $5 million in IBM bonds

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