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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

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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 $3.90 and $3.87, respectively. You place a market buy order for 520 shares that executes at these quoted prices. How much money did it cost to buy these shares? (Round your answer to 2 decimal places.) On March 5, 2013, the Dow Jones Industrial Average set a new high. The index closed at 19,164.53, which was up 138.00 that day What was the return (in percent) of the stock market that day? (Round your answer to 2 decimal places.)

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