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Suppose you have submitted an order

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Reference no: EM131537267

Here is some price information on X stock. Suppose that X trades in a dealer market.

Bid             Ask

55.25        55.50

  1. Suppose you have submitted an order to your broker to buy at market. At what price will your trade be executed?
  2. Suppose you have submitted an order to sell at market. At what price will your trade be executed?
  3. Suppose you have submitted a limit order to sell at $55.62. What will happen? 
  4. Suppose you have submitted a limit order to buy at $55.37. What will happen?

Reference no: EM131537267

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