Which one of the following transactions occurs in the primary market?

Alpha repurchased Alpha stock from Ann

Brandy gave a tax-free gift of Beta stock to Bao

Ginny sold Gamma stock to Gaurav

Emma transferred Epsilon stock to her son, Ezra

Delta, Inc., sold new Delta stock to David

A dealer will buy at the __________ price and sell at the __________ price.

ask; bid

bid; ask

bid; bid

spread; spread

ask; ask