Now reconsider the previous problem assuming that Fincorp sells in an exchange market like the NYSE. a.
Question:
a. Is there any chance for the market buy order considered in part (a) to be executed at a price below $55.50, and the sell order in part (b) at a price above $55.25?
b. Is there any chance of an immediate trade at $55.37 for the limit-buy order in part (d) ?
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a In an exchange market there can be price improvement in the two market orders Broker...View the full answer
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