When XYZ wanted to sell new security issues to the general public for the first time, it sought the assistance of a (n).

Question

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When a company wants to sell new securities to the general public for the first time, it typically seeks the assistance of an investment bank. The investment bank helps the company with the process of issuing new securities and selling them to investors. This process is known as an initial public offering (IPO), which takes place in the primary market. The secondary market is where securities are traded after they have been issued. The securities exchange is where buyers and sellers come together to trade securities.

When XYZ Wanted to Sell New Security Issues to the General