When a company needs capital to purchase inventory,expand a plant,make major investments,acquire another firm,or pursue other business goals,it may sell a bond or stock issue to the investing public.This is done which market?
A) Primary market
B) Secondary market
C) Government market
D) Super market

Question

Quizplus · Accepted Answer

The primary market is where companies sell new securities (such as bonds or stocks) to the public for the first time in order to raise capital for their business goals. In contrast, the secondary market involves the buying and selling of previously issued securities. The government market refers to the market for government securities, and the super market is not relevant to this context.

When a Company Needs Capital to Purchase Inventory,expand a Plant,make