Question

Purchases of new issues of stock take place _______.

1) on the primary market
2) on the secondary market
3) through private placements
4) through initial public offerings (IPOs)

Answer 1

Purchases of new issues of stock take place on the primary market.

Step-by-step explanation:

Purchases of new issues of stock take place on the primary market. The primary market is where new securities are issued and sold for the first time. It is the market where companies raise capital by issuing new shares of stock to investors.