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Use the following information to answer the next two questions. Buy Orders Sell Orders Shares Price Shares Price 1000 25.14 800 25.95 500 25.08 900

Use the following information to answer the next two questions.

Buy Orders

Sell Orders

Shares

Price

Shares

Price

1000

25.14

800

25.95

500

25.08

900

26.05

750

24.95

650

26.15

600

24.80

1200

26.30

1) Suppose you placed a market buy order for 1200 shares. How much would you pay for the stock?

31140

31180

30156

31560

2) Suppose you place a market order to sell 2000 shares. How much would you receive for your stock?

52465

49903.5

52050

None of the above

3) Which of the following order types could be used to mitigate potential losses from a short sale?

limit sell order

stop loss order

stop buy order

market sell order

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