Finance Chapter 2
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Which of the following statements describes a primary market transaction?
Facebook issues 2,000,000 shares of new stock and sells them to the public through an investment banker
The acronym IPO stands for "independent public offering."
false
Three years ago you purchased 500 shares in the Kellogg Company, but yesterday you sold 200 those shares through your broker. This is:
secondary market transaction
A corporation is said to be publicly owned if its shares are held by the investing public, which may include individuals, other corporations, and institutional investors.
true
