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4. Given the current market information: Limit Buy Orders Price Shares $92.05 100 92.04 300 92.03 450 92.02 900 92.01 1,600 Limit Sall Orders Price

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4. Given the current market information: Limit Buy Orders Price Shares $92.05 100 92.04 300 92.03 450 92.02 900 92.01 1,600 Limit Sall Orders Price Shares $92.17 800 92.16 500 92.15 300 92.14 600 92.13 300 92.12 400 92.11 200 a) If you place a market order to buy 1,000 shares, in what sequence will you pay for the shares? b.) What is the total cost of the purchase? 5. You paid cash for $1,400 worth of stock a year ago. Today the portfolio is worth $2,134. 4.) What rate of return did you eam on the investment? Remember: (Final Value - Beginning Value) / Beginning Value b) Now suppose that you bought the same stock but bought it on margin. The initial margin requirement was 55% Recalculate your rate of return, ignoring any interest due. c.) Recalculate the rates of return for a cash purchase in the event that the stock is worth $950 today. d. Recalculate the rates of return for a margin purchase in the event that the stock is worth 5950 today

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