Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started