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Celastila Moonn, a GLBAAF 301 student at UMB, made the following statements after finishing the week two readings. Statement 1: The market in which firms

Celastila Moonn, a GLBAAF 301 student at UMB, made the following statements after finishing the week two readings. Statement 1: The market in which firms sell new securities to raise cash is called the secondary market. Statement 2: Preferred stockholders have a claim senior to common stock but junior to bondholders. With respect to above statements, is Moonn correct? A. For statement 2 only B. For statement 1 only C. Yes, both statements 1and 2 are correct

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