IBM Creates and Sells Additional Stock to the Investment Banker

question 34

Multiple Choice

IBM creates and sells additional stock to the investment banker Morgan Stanley. Morgan Stanley then resells the issue to the U.S. public. This transaction is an example of a(n)

• A)primary market transaction.
• B)asset transformation by Morgan Stanley.
• C)money market transaction.
• D)foreign exchange transaction.
• E)forward transaction.

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