Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I wish to buy a stock. My broker tells me the bid price is $52.90 and the asking price is $62.10. There is heavy volume

I wish to buy a stock. My broker tells me the bid price is $52.90 and the asking price is $62.10. There is heavy volume everyday, including today, of over, 500,000 shares. If I place a market order, I will most likely:

a) be filled at $52.90

b) be filled only if the volume decreases

c) be filled at $52.95

d) be filled at $62.10

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Markets And Institutions

Authors: Anthony Saunders, Marcia Cornett

4th Edition

0077262379, 978-0077262372

More Books

Students also viewed these Finance questions

Question

Describe the even planning process and explain why it is helpful.

Answered: 1 week ago