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When Ann sells her 50 shares of Microsoft common stock at the same time that Jack purchases 50 shares of Microsoft stock, which of the

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When Ann sells her 50 shares of Microsoft common stock at the same time that Jack purchases 50 shares of Microsoft stock, which of the following is true: this occurs in the primary market; Microsoft receives the dollar value of the transaction, less brokerage fees. this occurs in the secondary market; Microsoft receives nothing. this occurs in the secondary market; Microsoft receives only the par value of the common stock. 0 None of the above

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