You Would Like to Buy Shares of International Business Machines

question 117

Multiple Choice

You would like to buy shares of International Business Machines (IBM) . The current bid and ask quotes are $96.17 and $96.24, respectively. You place a market buy-order for 100 shares that executes at these quoted prices. How much money did it cost to buy these shares?

• A) $7.00
• B) $9,617.00
• C) $9,624.00
• D) $19,241.00

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Definitions:

Partners

Individuals who share ownership of a business entity and are mutually obligated to the entity's liabilities and operational decisions.

Rights Of Partners

Rights of partners pertain to the entitlements and privileges granted to members of a business partnership, such as sharing profits, management participation, and access to information.

Personal Expenses

Costs for personal needs or consumption, not associated with business operations or expenses deductible for tax purposes.

Management

The process of dealing with or controlling things or people, often within an organizational setting.