Question: Problem 8 - 4 Buying Stock with a Market Order ( LG 8 - 4 ) You would like to buy shares of Sirius Satellite

Problem 8-4 Buying Stock with a Market Order (LG8-4)
You would like to buy shares of Sirius Satellite Radio (SIRI). The current ask and bid quotes are $3.94 and $3.91, respectively. You place a market buy order for 530 shares that executes at these quoted prices.
How much money did it cost to buy these shares?
Note: Round your answer to 2 decimal places.
Problem 8-4 Buying Stock with a Market Order (LG8-4) You would

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