You find that the bid and ask prices for a stock are $10.85 and $11.80, respectively....
You find that the bid and ask prices for a stock are $10.85 and $11.80, respectively. If you purchase or sell the stock, you must pay a flat commission of $25. If you buy 100 shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars?
Homework Answers
Total implied and actual transaction cost in dollars = 100($11.80 − $10.85) + 2($25) = $145
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You find that the bid and ask prices for a stock are $10.85 and
$11.80, respectively....
value 5.00 points You find that the bid and ask prices for a stock are $15.25...
value 5.00 points You find that the bid and ask prices for a stock are $15.25 and $16.25, respectively If you purchase or sell the stock, you must pay a flat commission of S20. If you buy 100 shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars? O $20 O $140 $40 O $120 References Multiple Choice Dfficulty 2 Mecdium Le Check my work
You submitted an order to buy the Southern Province Cement Co. security. The bid and ask...
You submitted an order to buy the Southern Province Cement Co. security. The bid and ask prices at the time of the order submission were $50 and $51. What should be the actual transaction price or result if (a) your order was a market order to buy (b) your order was a limit order to sell at $51? (c) Would you expect the bid-ask spread to be higher on actively or inactively traded stocks?
Your broker quotes you an ask price of $21 for Stock XYZ and a bid price...
Your broker quotes you an ask price of $21 for Stock XYZ and a bid price of $20. Which of the following is a FALSE statement? A. It would cost you $20 to purchase one share of the stock. B. You could sell one share of the stock for $20. C. The bid-ask spread is $1. D. It would cost you $21 to purchase one share of the stock. E. Your broker makes money by selling the stock for more...
the ask price is the price at which a trader stands ready to sell a unit of the good, the bid ask price of a good is the price at which a trader is willing to pay to buy a unit of a good. the bid ask price; i.e the difference between these 2 prices is usu
the ask price is the price at which a trader stands ready to sell a unit of the good, the bid ask price of a good is the price at which a trader is willing to pay to buy a unit of a good. the bid ask price; i.e the difference between these 2 prices is usually greater than zero because:
e the following exchange quotes to help answer problems 18-19. NYSE NASDAQ Bid Ask Bid Ask...
e the following exchange quotes to help answer problems 18-19. NYSE NASDAQ Bid Ask Bid Ask CompanyX CompanyY $ 149.55 150.45 149.87 150.13 y YS 127.88 S 128.12 127.70 S 128.30 18. Currently you have $120.00 in cash and 1000 shares of Stock Y in your brokerage account. You plan to sell your 1000 shares of Stock Y and use the proceeds to purchase as many shares of Stock X as possible. Assume you cannot borrow or buy partial shares...
Use the following exchange quotes to help answer problems 18-19. NYSE NASDAQ Bid Ask Bid Ask...
Use the following exchange quotes to help answer problems 18-19. NYSE NASDAQ Bid Ask Bid Ask $149.55$150.45$149.87$ 150.13 $127.88$128.12127.70 S 128.30 CompanyY 18. Currently you have $120.00 in cash and 1000 shares of Stock Y in your brokerage account. You plan to sell your 1000 shares of Stock Y and use the proceeds to purchase as many shares of Stock X as possible. Assume you cannot borrow or buy partial shares of stock; you will also buy or sell at...
For Stock A, which is traded in a dealer market, the bid-ask spread is 1 dollar....
For Stock A, which is traded in a dealer market, the bid-ask spread is 1 dollar. A buy-market order is executed at 60 dollars. A. Will a limit-sell order of 60.5 be executed? If so, in what price? B. Will a limit-buy order of 59.5 be execeuted? If so, in what price? C. Will a market-sell order be executed? If so, in what price?
Use the following exchange quotes to help answer problems 18-19 NYSE NASDAG Bid Bid Ask 150.13...
Use the following exchange quotes to help answer problems 18-19 NYSE NASDAG Bid Bid Ask 150.13 Company Y 18. Currently you have $120.00 in cash and 1000 shares of Stock Y in your brokerage account. You plan to sell your 1000 shares of Stock Y and use the proceeds to purchase as many shares of Stock X as possible. Assume you cannot borrow or buy partial shares of stock; you will also buy or sell at the best price offered....
1. A London dealer bank’s current bid/ask quotes for the U.S. dollar are £0.7720/$ and £0.7980/$....
1. A London dealer bank’s current bid/ask quotes for the U.S. dollar are £0.7720/$ and £0.7980/$. If you want to sell $12,000,000 to that dealer, how many british pounds would you receive? 2. A London dealer bank’s current bid/ask quotes for the U.S. dollar are £0.7720/$ and £0.7980/$. If you want to buy £16,000,000 from that dealer, how many dollars would you pay? 3. How would the NY branch of the London dealer bank in the above question quote its...
PLEASE HELP! A London dealer bank’s current bid/ask quotes for the U.S. dollar are £0.7720/$ and...
PLEASE HELP! A London dealer bank’s current bid/ask quotes for the U.S. dollar are £0.7720/$ and £0.7980/$. If you want to sell $12,000,000 to that dealer, how many dollars would you receive? A London dealer bank’s current bid/ask quotes for the U.S. dollar are £0.7720/$ and £0.7980/$. If you want to buy £16,000,000 from that dealer, how many British pounds would you pay? How would the NY branch of the London dealer bank in the above question...
value 5.00 points You find that the bid and ask prices for a stock are $15.25 and $16.25, respectively If you purchase or sell the stock, you must pay a flat commission of S20. If you buy 100 shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars? O $20 O $140 $40 O $120 References Multiple Choice Dfficulty 2 Mecdium Le Check my work
e the following exchange quotes to help answer problems 18-19. NYSE NASDAQ Bid Ask Bid Ask CompanyX CompanyY $ 149.55 150.45 149.87 150.13 y YS 127.88 S 128.12 127.70 S 128.30 18. Currently you have $120.00 in cash and 1000 shares of Stock Y in your brokerage account. You plan to sell your 1000 shares of Stock Y and use the proceeds to purchase as many shares of Stock X as possible. Assume you cannot borrow or buy partial shares...
Use the following exchange quotes to help answer problems 18-19. NYSE NASDAQ Bid Ask Bid Ask $149.55$150.45$149.87$ 150.13 $127.88$128.12127.70 S 128.30 CompanyY 18. Currently you have $120.00 in cash and 1000 shares of Stock Y in your brokerage account. You plan to sell your 1000 shares of Stock Y and use the proceeds to purchase as many shares of Stock X as possible. Assume you cannot borrow or buy partial shares of stock; you will also buy or sell at...
For Stock A, which is traded in a dealer market, the bid-ask spread is 1 dollar. A buy-market order is executed at 60 dollars. A. Will a limit-sell order of 60.5 be executed? If so, in what price? B. Will a limit-buy order of 59.5 be execeuted? If so, in what price? C. Will a market-sell order be executed? If so, in what price?
Use the following exchange quotes to help answer problems 18-19 NYSE NASDAG Bid Bid Ask 150.13 Company Y 18. Currently you have $120.00 in cash and 1000 shares of Stock Y in your brokerage account. You plan to sell your 1000 shares of Stock Y and use the proceeds to purchase as many shares of Stock X as possible. Assume you cannot borrow or buy partial shares of stock; you will also buy or sell at the best price offered....
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