Question: Q 1 : Classify the following transactions as taking place in the primary or secondary markets: ( LG I - I ) a . IBM
Q: Classify the following transactions as taking place in the primary or
secondary markets: LG II
a IBM issues $ million of new common stock.
b The New Company issues $ million of common stock in an IPO.
c IBM sells $ million of GM preferred stock out of its marketable
securities portfolio.
d The Magellan Fund buys $ million of previously issued IBM
bonds.
e Prudential Insurance Co sells $ million of GM common stock.
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