ABC Corporation issued and sold 10 shares of stock to Irene Investor, a private individual. This represents a secondary market transaction.

Question

Quizplus · Accepted Answer

A secondary market transaction refers to the buying and selling of previously issued securities among investors, without the involvement of the issuing company. In this scenario, ABC Corporation is the issuer of the stock, and Irene Investor is buying directly from the company, making it a primary market transaction.

ABC Corporation Issued and Sold 10 Shares of Stock to Irene