Al Cromwell places a market order to buy a round lot of Thomas, Inc., common stock, which is traded on the NYSE and is currently quoted at $51.39 per share. Ignoring brokerage commissions, determine how much money will Cromwell probably have to pay. If he had placed a market order to sell, how much money will he probably receive? Explain.

Ignoring brokerage commissions, Cromwell would probably have to pay______-$