You would like to buy shares of International Business Machines (BM). The current bid and ask quotes are $103.25 and $103.30, 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? a. $10,330.00
b. $20,650.00
c. $20,660.00
d. None of the options
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You would like to buy shares of International Business Machines (BM). The current bid and ask quotes are $103.25 and $103.30, respectively ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Suppose the government misjudges the natural rate of unemployment to be much lower than it is, and thus undertakes expansionary fiscal and monetary policies to try to achieve the lower rate.
Answers (1)
What are some risks of adding a new product?
Answers (1)
Show a detailed journalizing of the following transactions: Galle Inc. entered into the following transactions during January; Jan 1 - Borrowed $250,000 from First Street Bank by signing a note payable.
Answers (1)
Why is a mixed economy not considered a major economic system along with free enterprise and socialism?
Answers (1)
What is the present value of a perpetuity that makes annual payments of $10,000 at 4% compounded annually? (round your answer to the nearest dollar)
Answers (1)
New Questions in Business
Compute the expected rate of return for Intel common stock, which has a 1.4 beta. The risk-free rate is 3 percent and the market portfolio (composed of New York Stock Exchange stocks) has an expected return of 14 percent. b.
Answers (1)
Kelsey Gunn is the only employee of Arsenault Company. His pay rate is $23.00 per hour with an overtime rate of 1½ times for hours over 40 in a workweek. For the week ending March 31, 20--, he worked 48 hours.
Answers (1)
Amador Corporation has a stock price of $24 a share. The stock's year-end dividend is expected to be $2 a share. The stock's required rate of return is 12 percent and the stock's dividend is expected to grow at the same constant rate forever.
Answers (1)
Sue and Andrew form SA general partnership. Each person receives an equal interest in the newly created partnership. Sue contributes $19,000 of cash and land with a FMV of $64,000. Her basis in the land is $29,000.
Answers (1)
A product-focused process is commonly used to produce: a. high-volume, high-variety products. b. low-volume, high-variety products. c. high-volume, low-variety products. d. low-variety products at either high - or low-volume. e.
Answers (2)