Ana called her broker to purchase ten of the 5.25% 10-year bonds recently issued by the United States Treasury.

Newcastle Coal Company, a publicly-traded company, sells a new issue of 4.50% twenty-year bonds. primary market

Why is the first transaction a secondary market transaction and not a primary? because the second one is a primary market because the loan has to be paid back so wouldn't the same rule apply on the first one?

Answer rating: 100% (QA)

The first transaction involving the purchase of the 525 10year bonds issued by the United States Tre... View the full answer