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29-02-2020
Business

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Apple Computer decides to issue additional stock with the assistance of its investment banker. An investor purchases some of the newly issued shares. Is this a primary market transaction or a secondary market transaction?

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29-02-2020

Answer:

Primary Market transaction

Explanation:

This is a primary market transaction because new shares are being issued the investment banker is helping with the sale of securities since it is an initial offering. in the secondary market existing shares are traded from investor to investor.

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