American International Group Inc. (AIG) continues the process of liquidating divisions and restructuring operations in order to repay the $182.3 billion government bailout the company received at the height of the financial crisis. This most recent activity involves filing the paperwork to sell the company's Asian division to investors via an initial public offering or IPO AIG initiated the IPO paperwork after Prudential backed out of a deal to buy the Asian division for $35.5 billion. AIA Group Ltd, the Asian unit of AIG, services 15 countries including China, India, and Australia and has over 23 million customers. The unit's profits were down slightly in 2009 to about $1.44 billion. One analyst was cautious about the timing of the issue indicating that "recently we've had a little more difficulty in the capital markets." A new issue of stock on the primary market is called a(n) ______. A. initial public offering B. solicitation to sell C. primary market operation D. none of these When a stock trades between investors this trade occurs on the s on the ________. A. primary market B. secondary market C. tertiary market D. none of these When the underwriting syndicate makes an outright purchase of a company's IPO it is known as (a) _______. A. firm commitment B. right to buy C. best efforts D. none of these