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:

Entropy Principle

In thermodynamics, the entropy principle refers to the natural tendency for systems to move towards disorder or randomness, often applied metaphorically to information and organizational systems.

Inferiority Feelings

The normal condition of all people; the source of all human striving.

Oedipus Complex

During the phallic stage (ages 4-5), the unconscious desire of a boy for his mother, accompanied by a desire to replace or destroy his father.

Castration Anxiety

A boy’s fear during the Oedipal period that his penis will be cut off.