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Describe if the following transactions are primary or secondary market transactions. Clearly explain your answers. IBM issue $200 million of new common stock. The New
Describe if the following transactions are primary or secondary market transactions. Clearly explain your answers.
IBM issue $200 million of new common stock.
The New Company issues $50 million of common stock through an IPO.
Google sells $200 million of GM stock that it invested in 2010.
You buy 500 shares of Facebook through your broker.
The Vanguard mutual fund company buys 2 million shares of GE from the open market.
Microsoft issues $500 million of long-term bonds.
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