MC Qu.17 IBM creates and sells additional stock to... IBM creates and sells...

60.1K

Verified Solution

Question

Finance

MC Qu.17 IBM creates and sells additional stock to...
IBM creates and sells additional stock to the investment banker Morgan Stanley. Morgan Stanley then resells the issue to the U.S. public through its mutual funds.
This transaction is an example of a(n)
Multiple Choice
primary market transaction.
asset transformation by Morgan Stanley.
money market transaction.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students