How much money is represented for you to buy shares? The buy market value is $

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
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Suppose that MBIA, Inc. (MBI) has a bid of $7.18 and a bid size of 1,500. The ask is $7.2, and the ask size is 800. This information is summarized in the
following table:
MBIA
Bid Bid Size
$7.18
Ask Ask Size
1,500 $7.2
How much money is represented for you to buy shares?
The buy market value is $
800
Transcribed Image Text:Suppose that MBIA, Inc. (MBI) has a bid of $7.18 and a bid size of 1,500. The ask is $7.2, and the ask size is 800. This information is summarized in the following table: MBIA Bid Bid Size $7.18 Ask Ask Size 1,500 $7.2 How much money is represented for you to buy shares? The buy market value is $ 800
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