Homework Answers
If Mr. Al Cromwell were to place a market order to buy a round lot of Thomas, Inc it would cost him $5,123 because the current price per share is $51.23 and a round lot is a sale of 100 share units or increments of 100.
If he were to sell the round lot of Thomas Inc, he would receive $5,123 because the buy and sell orders could be used at the same price which was $51.23 per share.
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Al Cromwell places a market order to buy a round lot of Thomas, Inc., common stock,...
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