P3.5 Al Cromwell places a market order to buy a round lot of Thomas, Inc., common stock,
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P3.5 Al Cromwell places a market order to buy a round lot of Thomas, Inc., common stock, which is traded on the NYSE and is currently quoted at $50 per share. Ignoring brokerage com- missions, how much money would Cromwell probably have to pay? If he had placed a market order to sell, how much money will he probably receive? Explain.
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Related Book For 
Fundamentals Of Investing
ISBN: 9780136117049
11th Edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott B. Smart, Scott J. Smart
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