Question
Problem 8-7 Buying Stock with a Market Order (LG8-4) You would like to buy shares of Sirius Satellite Radio (SIRI). The current ask and bid
Problem 8-7 Buying Stock with a Market Order (LG8-4)
| You would like to buy shares of Sirius Satellite Radio (SIRI). The current ask and bid quotes are $4.46 and $4.43, respectively. You place a market buy order for 660 shares that executes at these quoted prices. |
| How much money did it cost to buy these shares? (Round your answer to 2 decimal places.) |
| Cost of shares | $ |
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The New CFO Financial Leadership Manual
Authors: Steven M. Bragg
3rd Edition
0470882565, 978-0470882566
