INVESTMENTS(LL)W/CONNECT
11th Edition
ISBN: 9781260433920
Author: Bodie
Publisher: McGraw-Hill Publishing Co.
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Chapter 3, Problem 13PS
Summary Introduction
Adequate information
The bid price of Marriott share is $67.95 and the ask price stands to be $68.05. The limit order for sale of Marriott share stands to be $68.
To determine:
What instruction investor has given to the broker .Whether the order will get executed.
Introduction:
Bid ask spread reflects the difference between the prices cited for immediate purchase and sale of currency pairs, options, future contracts or stocks.
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