Which one of the following is not resulted in capital formation? Mr. X buys the bonds of a company which develops new ports out of his savings Mr. X subscribes to equity shares of an airline company in their IPO Mr. X buys a piece of land to grow organic vegitables Mr. X buys gold on the expectation that Gold price is likely to increase

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Which one of the following is not resulted in capital formation?

Mr. X buys the bonds of a company which develops new ports out of his savings
Mr. X subscribes to equity shares of an airline company in their IPO
Mr. X buys a piece of land to grow organic vegitables
Mr. X buys gold on the expectation that Gold price is likely to increase.
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