Buying stock with a market order you would like to buy, Financial Management

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Buying stock with a market order you would like to buy

Buying Stock with a Market Order You would like to buy shares of Ralph Lauren (RL). The current bid and ask quotes are $85.26 and $85.46, respectively. 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?

$17,092

$40

$34,144

$17,052

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Financial Management: Buying stock with a market order you would like to buy

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Financial Management: Buying stock with a market order you would like to buy

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