Problem 8-8 Buying Stock with a Market Order (LG8-4) You would like to buy shares of Coldwater Creek, Inc. (CWTR). The current ask and bid quotes are $20.30 and $20.26, respectively. You place a market buy order for 230 shares that executes at these quoted prices. How much money did it cost to buy these shares? Answer is complete but not entirely correct. Cost of shares $ 5,356 x

Problem 8-8 Buying Stock with a Market Order (LG8-4) You would like to buy shares of Coldwater Creek, Inc. (CWTR). The current ask and bid quotes are $20.30 and $20.26, respectively. You place a market buy order for 230 shares that executes at these quoted prices. How much money did it cost to buy these shares