On a secondary stock market,such as the New York Stock Exchange,

Question

Quizplus · Accepted Answer

On a secondary stock market such as the New York Stock Exchange, previously issued shares of corporations are bought and sold between investors. This is different from initial public offerings (IPOs) where firms sell new issues of stock to raise capital. Bonds may also be sold and resold on secondary markets, but the question specifies stock. Therefore, the best choice is option D.

On a Secondary Stock Market,such as the New York Stock