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Which of the following can be classified as a primary market transaction? 1) You call your broker to buy 100 shares of Google on Nasdaq

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Which of the following can be classified as a primary market transaction? 1) You call your broker to buy 100 shares of Google on Nasdaq and ask him or her to execute the trade for you. II) Microsoft issues 1,500,000 shares of new stock and sells them to the public through an investment banker. III) Wells Fargo buys 200,000 shares of Microsoft stock from another institution. An investment banker arranges the transaction. IV) IBM decides to issue additional 2,000,000 shares of stocks and hires Morgan Stanley as the underwriter. I and II a. b. Il only I only C. II and III d II and IV e

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