Which of the following transactions in NOT a secondary market transaction? GE se
ID: 2642011 • Letter: W
Question
Which of the following transactions in NOT a secondary market transaction?
GE sells $30 million of new preferred stock.
Microsoft sells $2 million of IBM preferred stock out of its marketable securities portfolio.
The Magellan Fund buys $100 million of Apple previously issued bonds.
Allstate Insurance Company. Sells $5 million in IBM bonds.
a.GE sells $30 million of new preferred stock.
b.Microsoft sells $2 million of IBM preferred stock out of its marketable securities portfolio.
c.The Magellan Fund buys $100 million of Apple previously issued bonds.
d.Allstate Insurance Company. Sells $5 million in IBM bonds.
Explanation / Answer
Allstate Insurance Company. Sells $5 million in IBM bonds
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