Buying Stock with a Market Order You Would Like to Buy

question 6

Multiple Choice

Buying Stock with a Market Order 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:

Psychotic

Relating to psychosis, a mental disorder characterized by a disconnection from reality, such as hallucinations or delusions.

Childhood

The period of time in a person's life that is from birth to puberty, characterized by growth and development.

Higher Needs

In Maslow's hierarchy, these are the psychological needs that appear after basic physical needs are met, including esteem and self-actualization needs.

Lower Needs

Typically refers to the more basic needs in Maslow's hierarchy, such as physiological needs and safety, which must be met before higher-level needs can be addressed.