Ina Vestor has a brokerage account with one of the remaining large investment firms. This morning her broker called asking if she is interested in participating in an IPO. He went on to say that he could get her 200 shares for $23/share. If Ina agrees to buy the IPO, the trade will take place in the ____________.

Respuesta :

Answer:

Primary Market

Explanation:

A primary market announces new bonds to get funding by debt-based or equity-based bonds on an exchange for businesses, governments, and other entities.

Primary markets are promoted by subscribing investment bank groups that set a starting price target for a provided security and monitor its sale to shareholders.

After the initial purchase is complete, additional selling takes place on the secondary market, where the majority of trade takes place every day.