Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a. Through your stock simulation game, you can put two different types order to trade. Describe the distinction between market order and limit order to

image text in transcribed
a. Through your stock simulation game, you can put two different types order to trade. Describe the distinction between market order and limit order to trade with a clear example for each. Assume that ABC stock has a bid price of $65 and ask price of $66, if you give limit order to buy at $65.50 per share, will the order be executed? Why or why not

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions