You Would Like to Buy Shares of Nokia (NOK)

question 7

Multiple Choice

You would like to buy shares of Nokia (NOK) . The current bid and ask quotes are $25.43 and $25.45, respectively. You place a market buy-order for 150 shares that executes at these quoted prices. How much money did it cost to buy these shares?

• A) $1,908.75
• B) $3,815.50
• C) $3,817.50
• D) None of these choices are correct.

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Definitions:

Profit Margin

A financial metric indicating the percentage of revenue that exceeds the costs of goods sold, representing the proportion of sales that turns into profit.

Dividend Payout Ratio

The percentage of earnings paid to shareholders in dividends, calculated by dividing the total dividends by the net income for the same period.

Total Assets

The sum of all resources owned by an entity that are recognized as having economic value.