Answer:
c. IBM issues 2,000,000 shares of new stock and sells them to the public through an investment banker.
Explanation:
A primary market issues new securities for companies that are seeking debt-based or equity-based source of finance. After the initial purchase, the subsequent buying and reselling is done in the secondary market. Bulk of daily trading occurs in the secondary market.
So sale of 2,000,000 new shares by IBM to the public through an investment banker is a form of primary market transaction.