Question
A stock has the following quotes: Bid: $23.65 Ask: $23.80 A.) If you set a market order to buy, will your trade be executed? If
A stock has the following quotes: Bid: $23.65 Ask: $23.80
A.) If you set a market order to buy, will your trade be executed? If so, at what price?
B.) If you had set a stop loss at $23.70, will your trade be executed? If so, at what price?
C.) If you set a limit order to buy at $23.85, will you trade be executed. If so, at what price?
D.) If you set a limit order to sell at $23.75, will you trade be executed. If so, at what price?
E.) If you set a stop limit order to buy, with a stop of $23.85 and a limit price of $23.90, will your trade be executed? If so, at what price?
F.) If you set a stop limit order to sell, with a stop price of $23.70, and a limit price of $23.60, will your trade be executed? If so, at what price?
Pleases show your work! Thanks!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started