Which of the following statements is CORRECT?

Group of answer choices

a. The most important difference between spot markets versus futures markets is the maturity of the instruments that are traded. Spot market transactions involve securities that have maturities of less than one year whereas futures markets transactions involve securities with maturities greater than one year.

b. Capital market transactions involve short term low risk debt securities.

c. If General Electric were to issue new stock this year, this would be considered a secondary market transaction since the company already has stock outstanding.

d. NASDAQ dealers hold inventories of stocks.