Two investors trade 100 Lakehead Robotics shares on the TSX at $10.40. This transaction takes place in the:
Two investors trade 100 Lakehead Robotics shares on the TSX at $10.40. This transaction takes place in the:
Answer
Secondary market
Options - A. Secondary market - B. Primary market - C. Initial public offering - D. Over-the-counter market Why - A. Correct — the shares already exist and the seller is an investor; the issuer receives nothing. - B. The primary market is where the ISSUER sells new securities and receives the proceeds. - C. An IPO is the issuer’s first sale to the public — a primary transaction, not a later trade between holders. - D. Over-the-counter names a VENUE (a dealer market), not whether the issuer is paid; a TSX trade is on an exchange in any case.
OSC NI 44-101 index (Short Form Prospectus Distributions) — observed 2026-09-17; OpenStax, Introduction to Business (CC BY 4.0) §16.5–16.6 — shapes only