Question: Categorize each of the following transactions as taking place in either the primary or secondary market: Supercorp issues $180 million of new common stock. HiTech,

  1. Categorize each of the following transactions as taking place in either the primary or secondary market:
  • Supercorp issues $180 million of new common stock.
  • HiTech, Inc. issues $30 million of common stock in an IPO.
  • Megaorg sells $10 million of HiTech preferred stock from its marketable securities portfolio.
  • The XYA Fund buys $220 million of previously issued Supercorp bonds.
  • A. B. Corporation sells $15 million of XYZ common stock.

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