Stella Places a Market Order with Her Broker to Buy

question 74

Multiple Choice

Stella places a market order with her broker to buy 1000 shares of OneWorld Corp.The broker buys 1000 shares at $15.40 each,and sells them to Stella at $15.55 each.He also charges a commission of $12.00.What is bid-ask spread in this case?

• A)$15,400
• B)$15,562
• C)$172
• D)$150

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Definitions:

Gross Returns

The total amount of money earned from an investment before any deductions are made for expenses or losses.

Partnership Evidence

This term is unclear in this context and may not specifically refer to a well-defined legal or business concept. NO.

Profits and Losses

Financial terms representing the positive and negative financial results of a business's operations, respectively.

Firm Manager

A firm manager is an individual responsible for overseeing the administrative operations, managing staff, and ensuring the efficient running of a firm or business.