Lew,an individual investor,sold 100 shares of Global Tech stock on Monday.Janice,another individual investor,purchased those shares but never met Lew.You know for certain that this trade occurred in which market?

Question

Quizplus · Accepted Answer

The trade occurred in the secondary market because Lew sold existing shares of Global Tech stock to Janice, rather than buying new shares directly from the company in the primary market. The secondary market is where previously issued securities are bought and sold, while the primary market is where new securities are issued and sold for the first time. The dealer market, NASDAQ, and NYSE are all examples of markets within the secondary market. However, we cannot determine which specific secondary market the trade occurred in from the given information.

Lew,an Individual Investor,sold 100 Shares of Global Tech Stock on Monday.Janice,another