The interest rate expressed as if it were compounded once per year is called the Select one: a. Periodic interest rate. O b. Stated interest rate. O c Daily interest rate. O d. Compound interest rate. O e. Effective annual rate. Next page Which of the following is considered a secondary market transaction? 1. You buy shares in the public offering of a start- up company in the computer industry IL Your mother sells you the shares she purchased in your uncle's latest business venture. TIL. You buy shares in General Motors from your closest friend. Select one: O a. I and II only O b.I only O c. 1, 11, and III O d. ll only O e. ll and III only