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Which of the following transactions takes place in secondary markets? A. New stock sold in an initial public offering. B. Treasury securities auctioned off by

Which of the following transactions takes place in secondary markets?

A. New stock sold in an initial public offering. B. Treasury securities auctioned off by the government. C. Stock sold by an insurance company to adjust its portfolio of assets'. D. Stock sold in a seasoned equity offering. E. None of the above

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