​Which of the Following Is a Primary Market Transaction

Question 23
Multiple Choice

​Which of the following is a primary market transaction? A) ​You sell 200 shares of IBM stock on the NYSE through your broker. B) ​You buy 200 shares of IBM stock from your brother.The trade is not made through a broker;you just give him cash and he gives you the stock. C) ​IBM issues 2,000,000 shares of new stock and sells them to the public through an investment banker. D) ​One financial institution buys 200,000 shares of IBM stock from another institution.An investment banker arranges the transaction. E) ​IBM sells 2,000,000 shares of treasury stock to its employees when they exercise options that were granted in prior years.