Use the table for the question(s) below.   Consider the following two quotes for XYZ stock:   November 11th November 18th Ask: 25.25 Ask: 26.00 Bid: 25.20 Bid: 25.93   How much would you have to pay to purchase 100 shares of XYZ stock on November 18th? A) $2520 B) $2525 C) $2593 D) $2600

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
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Use the table for the question(s) below.

 

Consider the following two quotes for XYZ stock:

 

November 11th

November 18th

Ask:

25.25

Ask:

26.00

Bid:

25.20

Bid:

25.93

 

How much would you have to pay to purchase 100 shares of XYZ stock on November 18th?

  1. A) $2520
  2. B) $2525
  3. C) $2593
  4. D) $2600
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