Question
You would like to buy shares of Sirius Satellite Radio (SIRI). The current ask and bid quotes are $4.02 and $3.99, respectively. You place a
| You would like to buy shares of Sirius Satellite Radio (SIRI). The current ask and bid quotes are $4.02 and $3.99, respectively. You place a market buy order for 550 shares that executes at these quoted prices. |
| How much money did it cost to buy these shares? (Round your answer to 2 decimal places.) |
| Cost of shares |
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
4th Edition
0273710397, 978-0273710394
