Which one of the following transactions occurred in the primary market prudoe mfg. sold shares of plastics tech on nasdaq. alpha, inc., a publicly owned company, bought shares of new town press, also a publicly owned company. valerie purchased newly issued shares of velcro, inc.
Valerie purchased newly issued shares of Velcro, Inc. Explanation: The primary market offer shares directly from the firm. A firm offer their shares and investor purchases from the firm. After this, the subsequent trades on this share occur on the secondary market. The primary market enables a way to raise funds without taking debt. Valerie is purchasing new shares so, it is acting in the primary market. The other trasnaction are trading shares already issued, which is secondary market.
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