Solved: A you instruct your broker to buy the stock at a limit, Finance Basics

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A you instruct your broker to buy the stock at a limit

Below are the current price quotes on stock XYZ

Best bid = $9.92

Best offer = $10.01

a. You instruct your broker to buy the stock at a limit order of $9.90. Would your order be executed right now? Why or why not?

b. What would need to happen for your buy order to be executed if you changed it now to $9.95?

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Finance Basics: A you instruct your broker to buy the stock at a limit

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Finance Basics: A you instruct your broker to buy the stock at a limit

Reference No:- TGS01419836

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