When Sea-Doo and Ski-Doo manufacturer BRP Inc.sold stock to the public for the first time, funds were being raised in a ________ market, and when those newly issued shares are resold to other buyers, the sales take place in a ________ market.

Question

Quizplus · Accepted Answer

When a company sells its shares to the public for the first time, it is a primary market, and the funds are raised through an initial public offering (IPO). When the newly issued shares are resold to other buyers, it takes place in a secondary market. Therefore, the correct option would be B) primary; secondary.

When Sea-Doo and Ski-Doo Manufacturer BRP Inc