Which of the following best describes the secondary market for stocks?

	a.	The secondary market is the market in which securities are sold only by the first buyers.
	b.	The secondary market is the market in which securities are sold by the first and subsequent buyers.
	c.	The secondary market is the market in which options on stocks are bought and sold by IPO investors
	d.	The secondary market is the market in which options on stocks are bought and sold by secondary investors.