Bright Detergent is issuing new shares of stock which will trade on NASDAQ.If Sally purchases 300 of these shares,the trade will occur in which one of the following markets?

Question

Quizplus · Accepted Answer

The primary market is where new securities are issued and sold for the first time. Since Sally is purchasing new shares of stock being issued by Bright Detergent, the trade occurs in the primary market.

Bright Detergent Is Issuing New Shares of Stock Which Will