Question
Buying Stock with a Market Order You would like to buy shares of Ralph Lauren (RL). The current bid and ask quotes are $85.28 and
Buying Stock with a Market Order You would like to buy shares of Ralph Lauren (RL). The current bid and ask quotes are $85.28 and $85.50, respectively. You place a market buy-order for 500 shares that executes at these quoted prices. How much money did it cost to buy these shares?
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$42,640
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$110
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$85,390
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$42,750
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
