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
Related questions
Question
I don’t understand
![zed.docx
Open with
5. Orders for a stock trading system are coded as follows from
left to right
1. The first character is "B" for a "buy" order "S" for a "sell"
order
2. The number of shares to buy and sell
3. The stock ticker symbol in all uppercase letter for a "buy"
order or all lowercase letters for a "sell" order
4. If the order is a "limit" order with a specific buy sell price,
the requested price in pennies otherwise the price should
be omitted and the order will be a market order at the
current asking price for the stock
5. If the order is a "limit" order with an expiration time, the
character "T" followed by the number of minutes until the
order expires and should no longer be executed
Note that the order code may only contain letters and
numbers. It may not include comma, hyphen. Etc.
Gma
What would trage oge pegfor alinoted-prder to buy 10000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3feb8203-61cc-435d-ade2-2901abd1f875%2Fde60051b-694f-4f90-aad6-b3634ab31736%2Fos9g2jn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:zed.docx
Open with
5. Orders for a stock trading system are coded as follows from
left to right
1. The first character is "B" for a "buy" order "S" for a "sell"
order
2. The number of shares to buy and sell
3. The stock ticker symbol in all uppercase letter for a "buy"
order or all lowercase letters for a "sell" order
4. If the order is a "limit" order with a specific buy sell price,
the requested price in pennies otherwise the price should
be omitted and the order will be a market order at the
current asking price for the stock
5. If the order is a "limit" order with an expiration time, the
character "T" followed by the number of minutes until the
order expires and should no longer be executed
Note that the order code may only contain letters and
numbers. It may not include comma, hyphen. Etc.
Gma
What would trage oge pegfor alinoted-prder to buy 10000
![I.docx
Open with
Note that the order code may only contain letters and
numbers. It may not include comma, hyphen. Etc.
What would the code be for a limited order to buy 10000
shares of Alcoa stock (ticker symbol: AA) at $9.00 a
share but only if the order can be filled within the next 2
hours?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3feb8203-61cc-435d-ade2-2901abd1f875%2Fde60051b-694f-4f90-aad6-b3634ab31736%2Fuvtu8nm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:I.docx
Open with
Note that the order code may only contain letters and
numbers. It may not include comma, hyphen. Etc.
What would the code be for a limited order to buy 10000
shares of Alcoa stock (ticker symbol: AA) at $9.00 a
share but only if the order can be filled within the next 2
hours?
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Essentials Of Investments](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781260013924/9781260013924_smallCoverImage.jpg)
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
![FUNDAMENTALS OF CORPORATE FINANCE](https://www.bartleby.com/isbn_cover_images/9781260013962/9781260013962_smallCoverImage.gif)
![Financial Management: Theory & Practice](https://www.bartleby.com/isbn_cover_images/9781337909730/9781337909730_smallCoverImage.gif)
![Essentials Of Investments](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781260013924/9781260013924_smallCoverImage.jpg)
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
![FUNDAMENTALS OF CORPORATE FINANCE](https://www.bartleby.com/isbn_cover_images/9781260013962/9781260013962_smallCoverImage.gif)
![Financial Management: Theory & Practice](https://www.bartleby.com/isbn_cover_images/9781337909730/9781337909730_smallCoverImage.gif)
![Foundations Of Finance](https://www.bartleby.com/isbn_cover_images/9780134897264/9780134897264_smallCoverImage.gif)
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
![Fundamentals of Financial Management (MindTap Cou…](https://www.bartleby.com/isbn_cover_images/9781337395250/9781337395250_smallCoverImage.gif)
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
![Corporate Finance (The Mcgraw-hill/Irwin Series i…](https://www.bartleby.com/isbn_cover_images/9780077861759/9780077861759_smallCoverImage.gif)
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education