Shares1200300800O $43.07O$43.31O $40.00Bid$44.00$41.00$40.00Table 4 shows the limit book for IBM stock. You place a market order to sell1,400 shares. At what price will you sell the shares (the cost basis)?O$42.50Table 4Shares700800400Ask$48.00$42.00$45.00

The bid and ask price is the fundamental idea that captures the dynamics of purchasing and selling…

Answered: Book for IBM stock. You place a market…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Book for IBM stock. You place a market order to sell 1,400 shares. At what price will you sell the shares (the cost basis)? $43.07 $43.31 O $40.00 O$42.50