If you purchase a share of stock from your friend who initially purchased the stock three years ago,

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If you purchase a share of stock from your friend who initially purchased the stock three years ago,

If you purchase a share of stock from your friend who initially purchased the stock three years ago, your purchase of the stock represents a transaction in the secondary financial market.
True or false?

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Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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