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Investors A and B place trade orders with their respective brokers before a stock market opens. Their orders, along with their trading costs and commission
Investors A and B place trade orders with their respective brokers before a stock market opens. Their orders, along with their trading costs and commission fees, are included in the table below: Investor Order Price Shares Per-Share Trade Fee Commission A Stop-Loss 97 20 0.04 0.00% B Buy Limit 100 10 0.00 2.50% Trading occurs from 9:30AM - 4:00PM, but orders are only fulfilled 5 times a day. The bid-ask prices throughout the trading day are: Time Bid Ask 9:30AM 100 102 10:30AM 98 101 12:00PM 96 99 2:00PM 101 103 4:00PM 94 97 Calculate the average selling price per share for Investor A and the average purchase price per share for Investor B. Investor A = 94.04; Investor B = 99.43 B Investor A = 95.96; Investor B = 101.48 Investors A and B place trade orders with their respective brokers before a stock market opens. Their orders, along with their trading costs and commission fees, are included in the table below: Investor Order Price Shares Per-Share Trade Fee Commission A Stop-Loss 97 20 0.04 0.00% B Buy Limit 100 10 0.00 2.50% Trading occurs from 9:30AM - 4:00PM, but orders are only fulfilled 5 times a day. The bid-ask prices throughout the trading day are: Time Bid Ask 9:30AM 100 102 10:30AM 98 101 12:00PM 96 99 2:00PM 101 103 4:00PM 94 97 Calculate the average selling price per share for Investor A and the average purchase price per share for Investor B. Investor A = 94.04; Investor B = 99.43 B Investor A = 95.96; Investor B = 101.48
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