Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. below is the order book for bank of america (bac)

Below is the order book for Bank of America (BAC) stock. Suppose that BAC trades...

60.1K

Verified Solution

Question

Accounting

image

Below is the order book for Bank of America (BAC) stock. Suppose that BAC trades in a specialist (a type of market maker) market. a. Suppose you have submitted an order to your broker to buy 3,000 shares at market. At what price will your trade be executed? b. Suppose you have submitted an order to sell 1,500 shares at market. At what price will your trade be executed? c. Suppose you have submitted a limit order to sell 2,500 shares at $34.02. What will happen? d. Suppose you have submitted a limit order to buy 1,000 shares at $34.17. What will happen

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students