Primary Markets: Identify whether the following transactions are primary market or secondary market transactions.

Question:

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.

Answer:

a. Secondary market transactions.

b. Secondary market transactions.

c. Primary market transactions.

 

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