Which of the following transactions in not a secondary, Financial Management

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Which of the following transactions in not a secondary

Which of the following transactions in NOT a secondary market transaction?

a. GE sells $30 million of new preferred stock.

b. Microsoft sells $2 million of IBM preferred stock out of its marketable securities portfolio.

c. The Magellan Fund buys $100 million of Apple previously issued bonds.

d. Allstate Insurance Company. Sells $5 million in IBM bonds.

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Financial Management: Which of the following transactions in not a secondary

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Financial Management: Which of the following transactions in not a secondary

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