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Current price quotes on stock

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Reference no: EM131074040

Below are the current price quotes on stock XYZ

Best bid = $9.92

Best offer = $10.01

a. You instruct your broker to buy the stock at a limit order of $9.90. Would your order be executed right now? Why or why not?

b. What would need to happen for your buy order to be executed if you changed it now to $9.95?

Reference no: EM131074040

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