A student$$ remarks: $"10,000,000$ shares of General Motors were sold yesterday on the New York Stock$$ Exchange, at an average price of$$ $$35$ per share. That means General Motors just received$$ $$350$ million from$$ investors."

Do you agree with the$$ student's analysis?

A$.$

$$Yes$,$ these shares were likely traded in the primary$$ market, so General Motors would receive$$ $$350$ million.

B$.$

$$No$,$ these shares were likely traded in an$$ over$-$the$-$counter market, so GM would receive less than$$ $$350$ million.

C$.$

$$No$,$ these shares were likely traded in the secondary$$ market, so General Motors would not receive any of the money.

D$.$

$$Uncertain$,$ since the sale is subject to capital$$ gains, more information is required to determine how much GM would receive.