When you buy previously issued shares of Snap stock, this transaction takes place in the

Question

Quizplus · Accepted Answer

Previously issued shares are not being sold for the first time, so the transaction is taking place in the secondary market, where investors can buy and sell shares among themselves after the initial public offering (IPO) in the primary market. Option A refers to the market where new securities are issued and sold for the first time. Option B refers to the market where debt securities are traded. Option D refers to a market condition where stock prices are falling, which is not directly related to the transaction of buying previously issued shares.

When You Buy Previously Issued Shares of Snap Stock, This