The following quotes were observed for Brandell Corp. (ticker: BRAN) on the two dates indicated below. Complete parts a through c. Brandell Corp. Bid Ask BRAN July 16 Brandell Corp. 14.60 Bid 14.63 Ask EA EA BRAN July 17 15.07 15.13 a. Suppose you decide to use a market order to buy 450 shares of BRAN on July 16 and then sell the 450 shares using a market order on July 17. Assuming no brokerage commissions, how much of a gain or loss did you make? (Round to two decimal places.) You made a loss of $
The following quotes were observed for Brandell Corp. (ticker: BRAN) on the two dates indicated below. Complete parts a through c. Brandell Corp. Bid Ask BRAN July 16 Brandell Corp. 14.60 Bid 14.63 Ask EA EA BRAN July 17 15.07 15.13 a. Suppose you decide to use a market order to buy 450 shares of BRAN on July 16 and then sell the 450 shares using a market order on July 17. Assuming no brokerage commissions, how much of a gain or loss did you make? (Round to two decimal places.) You made a loss of $
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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Transcribed Image Text:The following quotes were observed for Brandell Corp. (ticker: BRAN) on the two dates indicated below. Complete parts
a through c.
Brandell Corp.
Bid
Ask
BRAN
July 16
Brandell Corp.
14.60
Bid
14.63
Ask
EA
EA
BRAN
July 17
15.07
15.13
a. Suppose you decide to use a market order to buy 450 shares of BRAN on July 16 and then sell the 450 shares using
a market order on July 17. Assuming no brokerage commissions, how much of a gain or loss did you make? (Round to
two decimal places.)
You made a loss
of $
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