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Which of the following transactions does not take place in the primary market? An investor: A. buying a newly issued municipal bond. B. buying shares

Which of the following transactions does not take place in the primary market? An investor:

A. buying a newly issued municipal bond.

B. buying shares of an initial public offering.

C. selling one hundred shares of stock through a stock broker.

D. buying a U.S. Treasury bill through the government auction.

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