answer the questions as soon as possible You want to purchase stock in Amazon because you think it is a great company and its shares will increase in value. To do this which ofthe following is the market would you most likely use to purchase the stock?O Secondary marketO Exchange marketO Primary marketO Financial market

Answered: You want to purchase stock in Amazon…

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter11: Investment Planning

Section: Chapter Questions

Problem 2FPE: Why do you suppose that well-known companies such as Apple, Starbucks, and Facebook prefer to have...

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answer the questions as soon as possible

You want to purchase stock in Amazon because you think it is a great company and its shares will increase in value. To do this which of
the following is the market would you most likely use to purchase the stock?
O Secondary market
O Exchange market
O Primary market
O Financial market

Expert Solution

Step 1

Primary market is a place where the stocks are created or issued for the first time. On the other hand, secondary market is a place where they are traded. Therefore, to purchase an already existing stock such as Amazon, we should use the secondary market such as NASDAQ and NYSE.

Financial market is a broader term for stock, bond and derivatives market whereas exchange markets are usually for the trading of forex or currencies.

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