Solution: | ||||
Answer is 3rd option " Was facilitated in the secondary market" | ||||
Working Notes: | ||||
In primary market first time issue of stock is sold. | ||||
In Dealer market , sell purchase of stock is done by stock broker. | ||||
In secondary market, stock are sold second time by stock holder. In our case stock sold by john is in secondary market or also can only sold in secondary market. | ||||
Under security lending scheme , involved proxy Which is not given case for John. | ||||
In private placement , stock are sell purchase at large quantity not in 100 shares | ||||
Please feel free to ask if anything about above solution in comment section of the question. |
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