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kotegsom [21]
2 years ago
11

You would like to buy shares of International Business Machines (IBM). The current bid and ask quotes are $103.25 and $103.30, r

espectively. You place a market buy-order for 200 shares that executes at these quoted prices. How much money did it cost to buy these shares?a. $10,330.00 b. $20,650.00 c. $20,660.00 d. None of the options
Business
2 answers:
Komok [63]2 years ago
7 0

Answer:

c. $20,660.00

Explanation:

The current bid and ask quotes are quotes on a single share of stock. The bid price is the price at which buyers are willing to buy a stock while the ask price is the price sellers are willing to sell a stock.

If you would like to buy shares of International Business Machines (IBM), you will do so at the ask price;

Hence cost of shares

= 200 × $103.30

= $20,660

Vanyuwa [196]2 years ago
5 0

Answer:

$20,650.00

Explanation:

In the equity market, when shares are being bought there are usually bids submitted that will determine the buying price, so bid price is the price at which a share is bought. In this case it is $103.25.

When selling shares the price at which it is sold is the ask price.

Therefore the price for buying the IBM shares= Bid price* Quantity

= 103.25 * 200= $20,650

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Answer:

It will Decreases U.S. real GDP and on the other way round it will increases the well-being of a typical working person in the U.S.

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The impact of the decline in working hours is that it will Decreases U.S. real GDP and on the other way round it will definitely lead to increase in the well-being of a typical working person in the U.S. because of the decline in the U.S work week which was formally 60 hours in the 1980 but now 40 hours today because a typical working person will have more time for him/her and the stress involved in working for 60 hours per week will reduce when compared with working for 40 hours per week because a typical working person in the U.S will preferred to work for 40 hours per week than 60hours per week for the betterment of their well being.

4 0
3 years ago
What's price in economics
irinina [24]

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7 0
1 year ago
Read 2 more answers
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IgorLugansk [536]

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3 years ago
Job 148 requires $12,000 of direct materials, $6,700 of direct labor, 550 direct labor hours, and 270 machine hours. It also req
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Answer:

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Explanation:

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