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Katena32 [7]
4 years ago
12

Norman Pilbarra submits a market order to buy 400 shares. What is the maximum price that he will pay?

Business
1 answer:
olga nikolaevna [1]4 years ago
5 0

Answer:

The question is missing stock quotes which are found in the attached.

The maximum price that Norman Pilbarra will pay to buy 400 shares is $103.8 per share.

Explanation:

Judging from the attached stock quotes,the first 200 shares offered for sale is $103.5 per share while the next 200 shares is at a price of $103.8.

This then means that the maximum price for 200 shares is $103.8.This information is derived from the ask prices not bid prices since ask price is for sale,whereas bid is for purchase.

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3 years ago
An investor purchases a long call at a price of $3.35. The strike price at expiration is $52. If the current stock price is $52.
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Explanation:

Break Even Point= strike price+ long call price

given that, strike price at expiration= <em>$52</em>

long call price<em>=$3.35</em>

<em>BEP = $52+$3.35</em>

<em>=$55.35</em>

The price that the stock puchased by the investor has to reach for it to break even is <em>$55.35.</em>

Although as stated in the question, the current stock price is <em>$52.10</em>.

However, if the price of the stock exceeds <em>$55.35</em>, your call option will yield more profit than you paid for it and result in a net gain

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3 years ago
Assume a firm increases its revenue by $100 while increasing its cost of goods sold by $85. How much additional tax will the fir
natka813 [3]

Answer:

Additional tax the firm will owe: $3.15

Explanation:

Marginal tax rate is calculated by following formula:

Marginal tax rate = Change in taxes paid/Change in income

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The firm increases its revenue by $100 while increasing its cost of goods sold by $85.

Change in income = $100 - $85 = $15

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The enterprise's internal strengths or weaknesses, affect its sales budget. It includes factors like plant's production potential, marketing channel, promotion and advertisement, income volume and sales, and so on.

Learn more about Sales budget here:-

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