Question
Here is some price information on Fincorp stock. Suppose that Fincorp trades in a dealer market. Bid Ask 41.37 41.80 a. Suppose you have submitted
Here is some price information on Fincorp stock. Suppose that Fincorp trades in a dealer market.
Bid | Ask |
41.37 | 41.80 |
a. Suppose you have submitted an order to your broker to buy at market. At what price will your trade be executed? (Round your answer to 2 decimal places.)
=?
b. Suppose you have submitted an order to sell at market. At what price will your trade be executed? (Round your answer to 2 decimal places.)
=?
c. Suppose you have submitted a limit order to sell at $41.91. What will happen? multiple choice 1
a.The trade will not be executed.
b.The trade will be executed.
which is the answer? d. Suppose you have submitted a limit order to buy at $41.68. What will happen? multiple choice 2
a. The trade will not be executed.
b.The trade will be executed.
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