Suppose a designated market maker (DMM) on the NYSE is willing to buy a stock from investors at a price at $50.00 per share and willing to sell to investors at a price of $50.05. You execute an order to trade stock and your trade executes at the bid price. What was the transaction price, and did you buy share or sell shares?

Answer rating: 100% (QA)

The transaction price in this scenario would be 5000 pe... View the full answer