Buying Stock with a Market Order You would like to buy shares of Ralph Lauren (RL)....

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Buying Stock with a Market Order You would like to buy shares of Ralph Lauren (RL)....

Buying Stock with a Market Order You would like to buy shares of Ralph Lauren (RL). The current bid and ask quotes are $85.31 and $85.56, respectively. You place a market buy-order for 200 shares that executes at these quoted prices. How much money did it cost to buy these shares?

17,112

17,062

50

34,174

business finance

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Answer 1

Answer #1

Here as we want to buy a share ask price taken

Total cost = No. Shares* Ask price

= 200*85.56

= 17112

(Ask price means the price at which stock exchange is ready to sell the shares)

I hope my efforts will be fruitful to you...?

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Answer 2

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