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1. The following are the current bid and ask prices for IBM stock as well as the number of shares that can be bought or

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1. The following are the current bid and ask prices for IBM stock as well as the number of shares that can be bought or sold at these prices: Bid Ask Price #Shares Price #Shares 143.19 100 143.21 100 143.17 100 143.22 200 143.16 100 143.23 200 Assuming your order has no impact on these available quotes, what would be your loss if you buy and then sell 300 shares of IBM, all via market orders? (a) $11 (b) $12 (c) $13 (d) $14 (e) None of the above

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