High Color Detergent is issuing new shares of stock which will trade on NASDAQ.If Sue 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 to investors for the first time. Since Sue is purchasing new shares directly from the issuer, the trade occurs in the primary market.

High Color Detergent Is Issuing New Shares of Stock Which