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

Question

Quizplus · Accepted Answer

A secondary market transaction involves the buying and selling of existing securities among investors, such as buying shares from another investor on a stock exchange. In this scenario, since ABC Corporation issued and sold the shares directly to Irene Investor, it is a primary market transaction, not a secondary market transaction.

ABC Corporation Issued and Sold 10 Shares to Irene Investor,a