Question
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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