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Given the board lot table below, how many board lots of Megaworld Corporation (MEG) can you buy with Php 20,000 if it is trading at
Given the board lot table below, how many board lots of Megaworld Corporation (MEG) can you buy with Php 20,000 if it is trading at Php 6.5/share?
a. 3, 500 shares
b. 30 board lots
c. 31 board lots
d. 3,000 shares
X BOARD LOT Currency Minimum Maximum Code Price Fluctuation Price PHP 0.0001 0.0099 0.0001 PHP 0.01 0.049 0.001 PHP 0.05 0.249 0.001 PHP 0.25 0.495 0.005 PHP 0.5 4.99 0.01 PHP 5 9.99 0.01 PHP 10 19.98 0.02 PHP 20 49.95 0.05 PHP 50 99.95 PHP 100 199.9 0.1 PHP 200 499.8 0.2 PHP 500 999.5 0.5 PHP 1000 1999 1 PHP 2000 4998 2 PHP 5000 1000000 5 Board Lot 1000000 100000 10000 10000 1000 100 100 100 10 10 10 10 5 5 0.05 annStep by Step Solution
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