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Please do all parts, Thank you! 3. Below are the bid and ask prices for a share of XYZ Company, which trades in a dealer
Please do all parts, Thank you!
3. Below are the bid and ask prices for a share of XYZ Company, which trades in a dealer market. a. Suppose you have instructed your broker to buy a share of XYZ. At what price will your trade be executed? b. Suppose you have instructed your broker to sell a share of XYZ. At what price will your trade be executed? c. Suppose you submit a limit order to sell XYZ at $30.70. What will happen? d. Suppose you submit a limit order to buy XYZ at $29.75. What will happen? e. Suppose you submit a limit order to buy XYZ at $30.25. What will happen Step by Step Solution
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