Homework Answers
Bid Price is the price at which the counterparty is willing to buy from you
Ask Price is the price at which the counterparty is willing to sell to you
(a) If a market order to buy is placed, the trade would be executed at the Ask Price i.e. $41.80
(b) If a market order to sell is placed, the trade would be executed at the Bid Price i.e. $41.25
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