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Which one of the following transactions occurs in the primary market? A. Repurchase of GHI stock from Tim by GHI B. Tax-free gift of DEF

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

  • A. Repurchase of GHI stock from Tim by GHI

  • B. Tax-free gift of DEF stock to Heather by Jennifer

  • C. Sale of ABC stock by Fred Jones to Mary Smith

  • D. Initial sale of JKL stock by JKL to Jamie

  • E. Transfer of MNO stock from Tom to his son, Jon

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