Question: Classify the following transactions as taking place in the primary or secondary markets: a. IBM issues $200 million of new common stock b. The New

Classify the following transactions as taking place in the primary or secondary markets:

a. IBM issues $200 million of new common stock

b. The New Company issues $50 million of common stock in an IPO

c. IBM sells $5 million of GM preferred stock out of its marketable securities portfolio

d. The Magellan Fund buys $100 million of previously issued IBM bonds

e. Prudential Insurance Co. sells $10 million of GM common stock

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