You Would Like to Buy Shares of Nokia (NOK)

question 19

Multiple Choice

You would like to buy shares of Nokia (NOK) . The current bid and ask quotes are $20.13 and $20.15, respectively. You place a market buy-order for 300 shares that executes at these quoted prices. How much money did it cost to buy these shares?

• A) $6.00
• B) $6,039.00
• C) $6,045.00
• D) $12,084.00

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Definitions:

Profit-oriented Business

A business entity that focuses primarily on generating profits or financial gains as its main objective.

Accounting

The systematic process of recording, measuring, and communicating financial information to help in making informed business decisions.

Total Liabilities

The aggregate of all debts and other legal obligations of an individual or company due to other entities.

Total Assets

The sum of all assets owned by a business, including current, fixed, and intangible assets, representing its overall value.