Your client wants to purchase 400 shares. A quick look at level 2 scree shows the following asks: $5.27 for 120 shares, $5.29 for 80 shares, $5.34 for 250 shares. What would your clients final total be if your company charges $0.03/share traded?

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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Your client wants to purchase 400 shares. A quick look at level 2 scree shows the following asks: $5.27 for 120 shares, $5.29 for 80 shares, $5.34 for 250 shares. What would your clients final total be if your company charges $0.03/share traded?

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While purchase of shares from stock market through brokers there are many sellers availability at various quantities so first deal is done at lower prices only.

 

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