Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
Identify which of the following transaction is a primary market transaction or a secondary market transaction. Explain your answer.
- Michael bought 2,000 units of KSD shares at RM2.35 per share when KSD shares made an initial public offering of 20,000,000 shares in the market.
- Razif bought 1,000 units of LOL shares at RM 1.30 per share in the stock market.
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