Question
Which of the following situations is an example of a primary market transaction? a.A portfolio manager with the Peak Advisory Group purchases 10,000 shares of
Which of the following situations is an example of a primary market transaction?
a.A portfolio manager with the Peak Advisory Group purchases 10,000 shares of stock. The broker-dealer purchases the shares by placing the buy order through an electronic trading platform which matches to another investment-advisor seller.
b.Your firm issues 5,000,000 shares in an initial public offering.
c.You purchase 100 shares of stock from another investor via the NASDAQ stock market.
d.An individual investor purchases 2,000 ADR shares.
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
