What is meant by a primary market transaction and a secondary market transaction? Give an example

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
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ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
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Chapter11: Investment Planning
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What is meant by a primary market transaction and a secondary market transaction? Give an example ofeach.

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Primary market are market where equity or bonds are issued to investors for the first time.So you buy bonds and equity in primary markets on the face value at the original price.

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