-Do a research for the concepts you dont know.

After studying the fundamental trends from JPMX Companys annual report and doing a whole lot of research, Christian Cares decided to purchase one round lot of the firms stock on the open market. On Monday morning he calls a stockbroker and asks for a price of JPMX stock. The broker indicates that JPMX is bid at $45.12 with an ask of $45.20.

a-Assuming Christian Cares wanted to place a market order to purchase shares, how much would he most likely pay? (assuming you purchased a round lot (450 shares).

b. What are the advantages and disadvantages of a limit order over a market order? At list 1page.