[Ch.1] IBM creates and sells additional stock to the investment banker Morgan Stanley. Morgan Stanley then resells issue to the U.S. public through its mutual funds. This transaction is an example of a(n): O Initial public offering O Private placement Seasonal equity offering Secondary market transaction

[Ch.1] IBM creates and sells additional stock to the investment banker Morgan Stanley. Morgan Stanley then resells issue to the U.S. public through its mutual funds. This transaction is an example of a(n): Initial public offering Private placement Seasonal equity offering Secondary market tansaction