Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
bartleby

Videos

Textbook Question
Book Icon
Chapter 3, Problem 2WM

Choose two of the firms listed. Assume that you want to buy 200 shares of LLY stock using a market order. If the order is filled at $82 per share, how much will the commission be for the two firms if you place an online order?

Blurred answer
Students have asked these similar questions
You would like to sell 200 shares of Xenith Bankshares, Inc. (XBKS). The current ask and bid quotes are $4.66 and $4.62, respectively. You place a limit sell order at $4.65.If the trade executes, how much money do you receive from the buyer?
You would like to sell 220 shares of Echo Global Logistics, Inc. (ECHO). The current ask and bid quotes are $15.44 and $15.39, respectively. You place a limit sell order at $15.43.If the trade executes, how much money do you receive from the buyer?
NEED ALL QUEST.... You would like to purchase one ClassA share of Berkshire Hathaway through your TD Ameritrade brokerage account. TD Ameritrade advertises a $5 commission for trades using their​ phone-based interactive voice response system. You call and learn that the bid price is ​$285,705.59 and the asking price is $285,909.62​ , and you submit your order for one share.   a. The current​ bid/ask spread for Berkshire Hathaway Class A shares is ​$________ ​(Round to the nearest​ cent.)   b. If TD Ameritrade routes your buy order to the​ NYSE, the potential minimum for your total transaction costs is $________ ​(Round to the nearest​ dollar.)   c. If TD Ameritradevroutes your buy order to​ NASDAQ, the potential maximum for your total transaction costs is $________ ​(Round to the nearest​ cent.)   d. Regardless of how your trade is​ executed, based on the​ bid/ask spread, the market value of your trade is $________ ​(Round to the nearest​ cent.)
Knowledge Booster
Background pattern image
Finance
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Essentials Of Investments
Finance
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Mcgraw-hill Education,
Text book image
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:9781260013962
Author:BREALEY
Publisher:RENT MCG
Text book image
Financial Management: Theory & Practice
Finance
ISBN:9781337909730
Author:Brigham
Publisher:Cengage
Text book image
Foundations Of Finance
Finance
ISBN:9780134897264
Author:KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:Pearson,
Text book image
Fundamentals of Financial Management (MindTap Cou...
Finance
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning
Text book image
Corporate Finance (The Mcgraw-hill/Irwin Series i...
Finance
ISBN:9780077861759
Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:McGraw-Hill Education
Investing For Beginners (Stock Market); Author: Daniel Pronk;https://www.youtube.com/watch?v=6Jkdpgc407M;License: Standard Youtube License