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(Solution Download) Suppose you have submitted an order to your broker to buy at market. At what price will your trade...

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Here is some price information on Fincorp stock. Suppose first that Fincorp trades in a dealer market

 

 

 

 

 

 

 

 

 

 

 

 

 

Bid

 

 

Asked

 

 

55.25

 

 

55.50

 

 

a. Suppose you have submitted an order to your broker to buy at market. At what price will your trade be executed?

 

b. Suppose you have submitted an order to sell at market. At what price will your trade be executed?

 

c. Suppose an investor has submitted a limit order to sell at $55.38. What will happen?

 

d. Suppose another investor has submitted a limit order to buy at $55.38. What will happen?

 







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This question was answered on: Oct 24, 2017

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