Which of the following statements about the market for common stock is most correct?
In a secondary market transaction, the corporation whose stock is sold receives one-half the proceeds of the sale.
Going public occurs when a corporation sells shares to the general public for the first time.
All primary market transactions are initial public offerings (IPOs).
A listed stock is one whose price is reported in the Wall Street Journal.
Closely held stock is stock that is owned entirely by a single family.