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Emma Radcliffe places a market order to buy a round lot of Thomas, Inc., common stock, which is traded on the NYSE and is
Emma Radcliffe 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 $43.00 per share. Ignoring brokerage commissions, determine how much money Radcliffe probably have to pay. If she had placed a market order to sell, how much money will she probably receive? Explain. Ignoring brokerage commissions, Radcliffe would probably have to pay $. (Round to the nearest whole dollar.)
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