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Which of the following statements is CORRECT?a. The NYSE does not exist as a physical location; rather it represents a loose collection of dealers who trade stock electronically.b. An example of a primary market transaction would be your uncle transferring 100 shares of Wal-Mart stock to you as a birthday gift.c. Capital market instruments include both long-term debt and common stocks.d. If your uncle in New York sold 100 shares of Microsoft through his broker to an investor in Los Angeles, this would be a primary market transaction.e. While the two frequently perform similar functions, investment banks generally specialize in lending money, whereas commercial banks generally help companies raise large blocks of capital from investors.
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