Classify the following transactions as taking place in the primary or secondary markets:  IBM issues $200 million of new common stock. The New Company issues $50 million of common stock in an IPO. IBM sells $5 million of GM preferred stock out of its marketable securities portfolio. The Magellan Fund buys $100 million of previously issued IBM bonds. 6.Prudential Insurance Co. sells $10 million of GM common stock

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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  1. Classify the following transactions as taking place in the primary or secondary markets: 
  2. IBM issues $200 million of new common stock.
  3. The New Company issues $50 million of common stock in an IPO.
  4. IBM sells $5 million of GM preferred stock out of its marketable securities portfolio.
  5. The Magellan Fund buys $100 million of previously issued IBM bonds.

6.Prudential Insurance Co. sells $10 million of GM common stock

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