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What price will your trade be executed

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Reference no: EM13512555

Here is some price information on Fincorp stock. Suppose first that Fincorp trades in a dealer market

Bid

Asked

55.25

55.50

a. Suppose you have submitted an order to your broker to buy at market. At what price will your trade be executed?

b. Suppose you have submitted an order to sell at market. At what price will your trade be executed?

c. Suppose an investor has submitted a limit order to sell at $55.38. What will happen?

d. Suppose another investor has submitted a limit order to buy at $55.38. What will happen?

Reference no: EM13512555

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