Stock Information for MobileRover Trade Time: 12:21 PM EDT Open: 248.01 Day's Range: 244.11-255.10 Last Trade: 251.17 Prev Close: Change: 247.00 +4.17 (0.02) She would like to buy 100 shares of stock at some point during the day if the price falls to $249.60, therefore she places a 12:21 PM EDT. When she places a day order, if the price does not reach $249.60 by the end of the day, her order will be order at Her broker is able to execute the trade two hours later, obtaining her 100 shares at $249.60 each. Suppose the price of the stock falls for the rest of the day, eventually closing at a price of $249.07. In this case, the total value of the shares she purchased between the time of her purchase and the end of the day. If she had instead placed a and obtained the same number of shares at $251.36 per share, she would have order at 12:21 PM by the end of the day instead. Paolo is another investor who currently owns shares of MobileRover stock. He would like to place a particular kind of limit order, in which the order is canceled if it cannot be executed immediately at the specified price or better. This type of order is known as Grade It Now Save & Continue Continue without saving
Stock Information for MobileRover Trade Time: 12:21 PM EDT Open: 248.01 Day's Range: 244.11-255.10 Last Trade: 251.17 Prev Close: Change: 247.00 +4.17 (0.02) She would like to buy 100 shares of stock at some point during the day if the price falls to $249.60, therefore she places a 12:21 PM EDT. When she places a day order, if the price does not reach $249.60 by the end of the day, her order will be order at Her broker is able to execute the trade two hours later, obtaining her 100 shares at $249.60 each. Suppose the price of the stock falls for the rest of the day, eventually closing at a price of $249.07. In this case, the total value of the shares she purchased between the time of her purchase and the end of the day. If she had instead placed a and obtained the same number of shares at $251.36 per share, she would have order at 12:21 PM by the end of the day instead. Paolo is another investor who currently owns shares of MobileRover stock. He would like to place a particular kind of limit order, in which the order is canceled if it cannot be executed immediately at the specified price or better. This type of order is known as Grade It Now Save & Continue Continue without saving
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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Question
Please correct answer and step by step solution
Transcribed Image Text:Stock Information for MobileRover
Trade Time:
12:21 PM EDT
Open:
248.01
Day's Range:
244.11-255.10
Last Trade:
251.17
Prev Close:
Change:
247.00
+4.17 (0.02)
She would like to buy 100 shares of stock at some point during the day if the price falls to $249.60, therefore she places a
12:21 PM EDT. When she places a day order, if the price does not reach $249.60 by the end of the day, her order will be
order at
Her broker is able to execute the trade two hours later, obtaining her 100 shares at $249.60 each.
Suppose the price of the stock falls for the rest of the day, eventually closing at a price of $249.07. In this case, the total value of the shares she
purchased
between the time of her purchase and the end of the day. If she had instead placed a
and obtained the same number of shares at $251.36 per share, she would have
order at 12:21 PM
by the end of the day instead.
Paolo is another investor who currently owns shares of MobileRover stock. He would like to place a particular kind of limit order, in which the order is
canceled if it cannot be executed immediately at the specified price or better. This type of order is known as
Grade It Now
Save & Continue
Continue without saving
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