Patrick Sold His GE Shares Using His Online Broker

question 147

Multiple Choice

Patrick sold his GE shares using his online broker.One can say that he sold them on the

• A) Initial public offering.
• B) Investment bank.
• C) Primary market.
• D) Secondary market.
• E) Securities exchange.

---

Definitions:

Preferred Stock

Preferred stock is a class of stock that typically provides a fixed dividend and has precedence over common stock in the distribution of assets in the event of a company's liquidation.

Common Stock

Common Stock represents ownership shares in a corporation, providing voting rights and entitling the shareholder to a share of the company's profits through dividends.

Stock Options

Financial instruments granting the holder the right to buy or sell stock at a specified price before a certain date.