BUS3062 Unit 1 Assignment 2.docx BUS-3062 Unit 1, Assignment 2 Question 1: Proficient-level: "Classify the following transactions as taking place in the primary or secondary markets: Distinguished-level: Provide corr
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BUS3062 Unit 1 Assignment 2.docx BUS-3062 Unit 1, Assignment 2 Question 1: Proficient-level: "Classify the following transactions as taking place in the primary or secondary markets: Distinguished-level: Provide correct responses to each of the five items IBM issues $200 million of new common stock. “ Primary Market The New Company issues $50 million of common stock in an IPO “ Primary Market IBM sells $5 million of GM preferred stock from its marketable securities portfolio “ Secondary Market The Magellan Fund buys $100 million of previously issued IBM bonds “ Secondary Market Prudential Insurance Co. sells $10 million of GM common stock “ Secondary Market (Cornett et al., 2019, p. 181) Question 2: Proficient-level: "Classify the following financial instruments as money market securities or capital market securities: Distinguished-level: Provide correct responses to each of the nine items Federal Funds “ Money market securities Common Stock “ Capital market securities Corporate Bonds - Capital market securities Mortgages - Capital market securities Negotiable Certificates of Deposit - Money market securities U.S. Treasury Bills - Money market securities U.S. Treasury Notes - Capital market securities U.S. Treasury Bonds - Capital market securities State and Government Bonds - Capital market securities (Cornett et al., 2019, p. 181) Question 3: Proficient-level: "What are the different types of financial institutions? Include a description of the main services offered by each. ï‚·Commerc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . .
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