Rachel and Mary have both decided to buy 100 shares of WWW.COM, a hot Internet stock. The
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Rachel and Mary have both decided to buy 100 shares of WWW.COM, a hot Internet stock. The market price is $240 per share when Rachel places a market order and Mary places a limit order at $230 per share. One week later, the price of WWW.com is $305 per share after having increased steadily since Lance and Jennifer placed their orders. How much profit has Rachel made? How much profit has Mary-made?
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Rachel has done very well and Mary is out of luck Rachel mad...View the full answer
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Related Book For
Financial Institutions, Markets and Money
ISBN: 978-1119330363
12th edition
Authors: David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard W. Sias
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