Current bid and ask prices for abc stock

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1. The following are the current bid and ask prices for ABC stock as well as the number of shares that can be bought or sold at these prices:

Bid Ask

Price #Shares Price #Shares

143:19 100 143:21 100

143:17 100 143:22 200

143:16 100 143:23 200

Assuming your order has no impact on these available quotes, what would be your loss if you buy and then sell 300 shares of ABC, all via market orders?

(a) $11

(b) $12

(c) $13

(d) $14

(e) None of the above

Reference no: EM132467361

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