If a Corporation That Has Been in Business for Many

question 35

Multiple Choice

If a corporation that has been in business for many years (for example Vodacom) wants to raise funds by issuing new ordinary shares, its shares will be sold in the __________ market.

• A) primary
• B) secondary
• C) debt
• D) money
• E) In this case, the shares can be sold in more than one of the above markets.