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John bought 100 shares of XYZ stock from Jenny in the open market for $15 per share. Which of the following statements is most correct?
John bought 100 shares of XYZ stock from Jenny in the open market for $15 per share. Which of the following statements is most correct?
John is willing to pay @ a minimum of $15 and Jenny is willing to sell @ a maximum of $15 | ||
John's ask price = Jenny's bid price = $15 | ||
John's bid price = Jenny's ask price = $15 | ||
If Jenny is the stock dealer, her willingness to pay to acquire a share of XYZ must be at least $15 so as to make a profit (the bid-ask spread) |
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