Answered

Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Connect with a community of experts ready to provide precise solutions to your questions on our user-friendly Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Recently, Hale Corporation announced the sale of 2.5 million newly issued shares of its stock at a price of $21 per share. Hale sold the stock to an investment banker, who in turn sold it to individual and institutional investors. This is a secondary market transaction. True

Sagot :

Parrain

Based on the fact that HALE sold the shares to an Investment banker, this cannot be said to be a secondary transaction. The statement is False.

What is a secondary market share transaction?

This refers to when shares have already been sold to individuals and institutional investors, and then these entities sell to other entities.

When a company sells directly to an investment bank which then sells it to others, this is a primary market transaction.

Find out more on primary market transactions at https://brainly.com/question/8017256.

#SPJ1

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.