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