Question
For Stock A, which is traded in a dealer market, the bid-ask spread is 1 dollar. A buy-market order is executed at 60 dollars.
For Stock A, which is traded in a dealer market, the bid-ask spread is 1 dollar. A buy-market order is executed at 60 dollars. A. Will a limit-sell order of 60.5 be executed? If so, in what price? B. Will a limit-buy order of 59.5 be executed? If so, in what price? C. Will a market-sell order be executed? If so, in what price?
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Precalculus
Authors: Michael Sullivan
9th edition
321716835, 321716833, 978-0321716835
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