Question

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.)

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