A five-year corporate bond would initially be issued in which market?

A) Secondary market
B) Primary market
C) Money market
D) None of the above

Corporate Bond

A debt security issued by a corporation and sold to investors to raise financing for capital-intensive projects or operational costs.

Primary Market

The financial market where new securities are issued and sold for the first time, typically directly by the issuer to investors.

Secondary Market

A financial market where previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.