Which of the following statements is CORRECT?a.If Disney issues additional share

Which of the following statements is CORRECT?a.If Disney issues additional shares of common stock through aninvestment banker this would be asecondary market transaction.b.If you purchased 100 shares of Disney stock from yourbrother-in-law this would be an example of aprimary market transaction.c.The IPO market is a subset of the secondary market.d.Only institutions and not individuals can participate inderivatives market transactions.e.As they are generally defined money market transactions involvedebt securities with maturities of lessthan one year.