manager. To help with this task, your boss has asked you to answer the following questions in explaining the common stock, and an investor purchased 1,000 shares of this stock from Merrill Lynch, the underwriter would this transaction be a primary market transaction or a secondary market transaction? Would it make a difference if the investor purchased previously outstanding Microsoft stock in the NASDAQ market? e. Securities can be traded on physical stock exchanges or in the over-the-counter market Define each of manager. To help with this task, your boss has asked you to answer the following questions in explaining the common stock, and an investor purchased 1,000 shares of this stock from Merrill Lynch, the underwriter would this transaction be a primary market transaction or a secondary market transaction? Would it make a difference if the investor purchased previously outstanding Microsoft stock in the NASDAQ market? e. Securities can be traded on physical stock exchanges or in the over-the-counter market Define each of