The transaction of Electro Corp. selling their stock to an investment banking firm means that this happened in the Primary market.
What happens in the primary market?
This is the market where a company issues its stock to the market. They can issue it directly, but they usually go through an investment banking firm.
This investment banking firm would buy the stock at a lower price and then sell it to the market at a higher price.
Find out more on the primary stock market at https://brainly.com/question/17168396.
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