Primary Market: Identify whether the following transactions are primary market or secondary market…
Primary Market: Identify whether the following transactions are primary market or secondary market transactions.
a. Jim Hendry bought 300 shares of IBM through his brokerage account.
b. Peggy Jones bought $5,000 of IBM bonds from the firm.
c. Hathaway Insurance Company bought 500,000 shares of Trigen Corp. when the company issued stock.