Question $3(2\mathrm{.}5$ points$)$

Which of the following stanemens is CORRECT?

A$)$ The NYSE does not exist as a physical location. Rather in represents a loose collection of dealers who trade stock electronically.

B$)$ An example of a peimary market transaction would be your uscle transferring $100$ shares of Walmart stock to you as a birthday gift.

C$)$ Capizal market instruments include both long$-$term debt and commos stocks.

D$)$ If your uncle in New York sold $100$ shares of Microsoft through his leoker to an itnveust in Los Angries, this would be a primary marker eansaction.

E$)$ While the two frequernily perform similar functions, imverment banks geserally specialine in leading moneg, whereas commrrcial bunks generally lelp companies raise large blocks of capital from levestors.