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II. Multiple Choice Questions (3 points each) 1. Below are the current bid and ask prices of stock Xyzz: Bid Ask $45.25 $45.50 Suppose you
II. Multiple Choice Questions (3 points each) 1. Below are the current bid and ask prices of stock Xyzz: Bid Ask $45.25 $45.50 Suppose you have submitted a limit sell order at $45.20, what will happen? A. The order will be executed at the price of $45.25 B. The order will be executed at the price of $45.50 C. The order will be executed at the price of $45.20 D. The order will not be executed 2. Real assets in the economy include all but which one of the following? A. Computer software B. Leasing contacts C. Buildings D. Education 3. If you thought prices of a stock would fall over the next few months and wanted to profit from the information, you might want to on the stock. A. Buy on margin B. Place a sell at market order C. Place a buy at market order D. Place a short-sale order
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