Which of the following is a primary market transaction? (Select all that apply) a. IBM issues $300
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Question:
Which of the following is a primary market transaction? (Select all that apply)
a. IBM issues $300 million of new common stock. | ||
b. The New Company issues $50 million of common stock in an IPO. | ||
c. IBM sells $5 million of GM preferred stock out of its marketable securities portfolio. | ||
d. The Magellan Fund buys $100 million of previously issued bonds. |
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