Buying Stock with a Market Order You would like to buy shares of Ralph Lauren (RL). The current bid and ask quotes are $85.24 and $85.42. respectively. You place a market buy-order for 400 shares that executes at these quoted prices. How much money did it cost to buy these shares? Mulipie Choice $34,168 $68.264 $72 $34.096 P/E Ratio and Stock Price international Business Machines (18M) has earnings per share of $7.45 and a P/E ratio of 15.31. What is the stock price? Muitiple Choice $49 $114.06 $2.06 $45.52