Question
Which of the following transactions in NOT a secondary market transaction? a. GE sells $30 million of new preferred stock. b. Microsoft sells $2 million
Which of the following transactions in NOT a secondary market transaction?
| a. | GE sells $30 million of new preferred stock. | |
| b. | Microsoft sells $2 million of IBM preferred stock out of its marketable securities portfolio. | |
| c. | The Magellan Fund buys $100 million of Apple previously issued bonds. | |
| d. | Allstate Insurance Company. Sells $5 million in IBM bonds. |
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
7th Edition
0538877766, 9780538877763
