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On Monday, Nack saw the stock quotes for Suncor as follows: Bid=$31.03 , Ask=$31.8 . He put in a market buy order for 3,000 shares.
On Monday, Nack saw the stock quotes for Suncor as follows:
Bid=$31.03 , Ask=$31.8 .
He put in a market buy order for 3,000 shares. On Tuesday Nack noticed the stock went way up and he decided to sell his shares. The quotes on Tuesday for Suncor were as follows:
Bid=$34.17 , Ask=$34.7
but Nack sold using a limit sell order at $34. ; What was Nack's profit from his trades in Suncor (assume Nack's trades went through and there were no transaction costs).
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