The financial market where a new security is sold for the first time is:
A) a primary market.
B) a secondary market.
C) an indirect market.
D) none of the above.

Question

Quizplus · Accepted Answer

A primary market is where a new security is sold for the first time, either through an initial public offering (IPO) or a private placement. It is also sometimes referred to as the new issue market.

The Financial Market Where a New Security Is Sold for the First