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You see the bid and ask prices for ABC Corp are $55.25 and $55.50, respectively. At what price could you purchase the stock? At what

You see the bid and ask prices for ABC Corp are $55.25 and $55.50, respectively.
1. At what price could you purchase the stock?
2. At what price could you sell (what price would a dealer pay you) the stock?
3. You submit a limit order to sell at $55.62. What will happen?
4. You submit a limit order to buy at $55.37. What will happen?

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