Question
In the the Wall Street Journal, looking at the stock transactions on the New York Stock Exchange, the price of a share of McDonald's stock
In the the Wall Street Journal, looking at the stock transactions on the New York Stock Exchange, the price of a share of McDonald's stock was: $53.67. You buy the stock. Unfortunately this gets you thinking and you're hungry. (I know, what does this last bit of information have to do with finance? Trust me - read on. FYI, this is obviously NOT a test bank question.) You buy a Big Mac for $2.79. Considering these two transactions (the stock and the Big Mac in that order), they are examples of :
a. a secondary and a primary market transaction | |
b. two primary market transactions | |
c. two secondary market transactions | |
d. really bad transactions! The stock was overpriced and have you ever looked at how much fat is in a Big Mac? |
2 points
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