Question
Which of the following is a primary market transaction? a.Johnson & Johnson issues 2,000,000 shares of new stock and sells them to the public through
Which of the following is a primary market transaction?
a.Johnson & Johnson issues 2,000,000 shares of new stock and sells them to the public through an investment banker.
b.You invest $10,000 in a mutual fund, which then uses the money to buy $10,000 of Johnson & Johnson shares on the NYSE.
c.You buy 200 shares of Johnson & Johnson stock from your younger brother. You just give him cash and he gives you the stockthe trade is not made through a broker.
d.One financial institution buys 200,000 shares of Johnson & Johnson stock from another institution. An investment banker arranges the transaction.
e.You sell 200 shares of Johnson & Johnson stock on the NYSE through your broker.
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