You Would Like to Buy Shares of Nokia (NOK)

question 56

Multiple Choice

You would like to buy shares of Nokia (NOK) .The current bid and ask quotes are $25.43 and $25.45,respectively.You place a market buy-order for 150 shares that executes at these quoted prices.How much money did it cost to buy these shares?

• A) $1,908.75
• B) $3,815.50
• C) $3,817.50
• D) None of the options

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Definitions:

Mixed Fraction

A mathematical expression combining a whole number and a proper fraction.

Mixed Fraction

A number consisting of an integer and a proper fraction (e.g., 3 1/2).

Whole Number

Non-negative integers, including zero, without fractions or decimals, representing complete units.

Tegretol

a brand name for carbamazepine, a medication primarily used to treat epilepsy and bipolar disorder.