The▼primary marketsecondary marketis the sale of "used" stock in that the current owner sells it to a new owner and the proceeds go to the current owner, not the company, while the▼primary marketsecondary marketis the market where the initial sale of common stock is made by a company and the proceeds of the sale go to the company for the newly issued stock. (Select from the drop-down menus.)

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Business

Frederick Lutz

9 March, 14:09

The▼primary marketsecondary marketis the sale of "used" stock in that the current owner sells it to a new owner and the proceeds go to the current owner, not the company, while the▼primary marketsecondary marketis the market where the initial sale of common stock is made by a company and the proceeds of the sale go to the company for the newly issued stock. (Select from the drop-down menus.)

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Fernando Fernandez · Answer 1

The Owner of the Financial Asset

Explanation:

Primary market: is the market where the initial sale of common stocks is made by a company and the proceeds of the sale go to the company for the newly issued stock.

Secondary market: is the sale of used stock in that the current owner sells it to a new owner and the proceeds go to the current owner not the company

First sale of a joint stock by a corporation is the prime market. The secondary market is to purchase the "real" equipment by selling the current owner to a new owner and the revenue is passed to the present owner