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Which One of the Following Transactions Occurs in the Primary

Question 54

Multiple Choice

Which one of the following transactions occurs in the primary market?


A) The repurchase of GHI stock from Tim by GHI
B) The tax-free gift of DEF stock to Heather by Jennifer
C) The sale of ABC stock by Fred Jones to Mary Smith
D) The transfer of MNO stock from Tom to his son, Jon
E) The initial sale of JKL stock by JKL to Jamie

Correct Answer:

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