You place a market buy-order for 100 shares that executes, Financial Management

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You place a market buy-order for 100 shares that executes

Buying Stock with a Market Order You would like to buy shares of International Business Machines (IBM). The current bid and ask quotes are $96.32 and $96.54, respectively. You place a market buy-order for 100 shares that executes at these quoted prices. How much money did it cost to buy these shares? Answer options: $9,654, $22, $9,632, $19,286

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Financial Management: You place a market buy-order for 100 shares that executes

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Financial Management: You place a market buy-order for 100 shares that executes

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