Primary Markets: Identify whether the following transactions are primary market or secondary market transactions.
a. Jim Hendry bought 300 shares of IBM through his brokerage account.
b. Peggy Jones bought $5,000 of General Motors bonds from another investor.
c. Hathaway Insurance Company bought 500,000 shares of Trigen Corp. when the company issued stock.
a. Secondary market transactions.
b. Secondary market transactions.
c. Primary market transactions.