Which of the Following Statements About Primary Market Transactions Is

Which of the following statements about primary market transactions is true?

A) A primary market transaction is defined as a transaction that is executed on either the NYSE or NASDAQ. Transactions that take place on ECNs are secondary market transactions.
B) In a primary market transaction, the issuer of the security receives the proceeds from the sale of the security.
C) A primary market transaction refers to the trading of stocks; a secondary market transaction is defined as a transaction that involves bonds.
D) Both A and B are true statements.