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Classify and explain the following transactions as taking place in the primary or secondary markets: 1. IBM issue $200 million of new common stock. 2.

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Classify and explain the following transactions as taking place in the primary or secondary markets: 1. IBM issue $200 million of new common stock. 2. The New Company issues $50 million of common stock through an IPO. 3. Google sells $200 million of GM stock that it Invest in 2010. 4. You buy 500 shares of Facebook through your broker. 5. The Vanguard mutual fund company buys 2 million shares of GE from the open market. 6. Microsoft issues $500 million of long-term bonds

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