You are interested in buying 100 shares of Ajax Products. The current bid price is 1814 and
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You are interested in buying 100 shares of Ajax Products. The current bid price is 181⁄4 and the ask price is 181⁄2. Suppose you submit a market order. At what price is your order likely to be filled? What are the advantages and disadvantages of submitting a limit order to purchase the shares at 183⁄8 versus putting in a market order?
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Related Book For 
Financial Markets And Corporate Strategy
ISBN: 9780071157612
2nd Edition
Authors: Mark Grinblatt, Sheridan Titman
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