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General Electric (GE) has been a public company for many years with its common stock traded on the New York Stock Exchange. If GE decides
General Electric (GE) has been a public company for many years with its common stock traded on the New York Stock Exchange. If GE decides to sell 500,000 shares of new common stock, the transaction will be describe as
A. | a money-market transaction because GE raises new money to fund short-term expenses. | |
B. | a secondary market transaction because GE common stock has been trading for years. | |
C. | a primary market transaction because GE has sold common stock before. | |
D. | an future market transaction because GE common stock will be sold in the future. |
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