A markets where new shares are trade is known

Assessment: JAMB UTME - Commerce - 1997 Subject: Commerce

Question 1 Report

A markets where new shares are trade is known
Answer Details
The market where new shares are traded for the first time is known as the primary market. In this market, companies issue new securities, such as stocks and bonds, to raise capital from investors. The primary market is also known as the new issue market because it is the first time that securities are being offered to the public for purchase. Once the securities are sold in the primary market, they can then be traded in the secondary market, such as a stock exchange.
Read lesson note on Stock Exchange (JAMB)
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