Which of the following is an example of a primary market transaction? A pension fund liquidates its stake in XYZ Corp by selling on the NYSE exchange all of the 30,000 shares in XYZ Corp it owns. A hedge fund purchases 25,000 shares of XYZ Corp via the firm's IPO. XYZ Corp announces it plans to buy back 1% of its shares outstanding. A large mutual fund investor buys 20,000 shares of XYZ Corp on the NASDAQ exchange.