Which one of the following transactions occurs in the


Which one of the following transactions occurs in the primary market?

Purchase of 500 shares of GE stock from a current shareholder.

Gift of 100 shares of stock to a charitable organization.

Gift of 200 shares of stock by a mother to her daughter.

A purchase of newly issued stock from ATamp;T.

IBM's purchase of GE stock from a dealer.

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Financial Management: Which one of the following transactions occurs in the
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