John calls his stockbroker and instructs him to purchase 100 shares of Microsoft Corporation common stock.This transaction occurs in the

Question

Quizplus · Accepted Answer

The secondary market is where investors buy and sell securities they already own. In this case, John is buying shares of Microsoft Corporation from another investor, not directly from the company, which characterizes a secondary market transaction.

John Calls His Stockbroker and Instructs Him to Purchase 100