Callander Enterprises stock is listed on NASDAQ.The firm is planning to issue some new equity shares for sale to the general public.This sale will occur in which one of the following markets?
A)private
B)auction
C)exchange floor
D)secondary
E)primary

Question

Quizplus · Accepted Answer

The sale of new equity shares for the first time by a company to the general public occurs in the primary market. Since Callander Enterprises is planning to issue new equity shares for sale, it will do so in the primary market. Therefore, the correct choice is E, i.e., primary.

Callander Enterprises Stock Is Listed on NASDAQ