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The stock price of TESTB is currently $10.00 bid, $10.05 ask with the last trade at $9.99. If you place a market order to sell 100 shares, at what price is your order most likely to be filled? If instead you place a limit buy order for 100 shares at $10.02, what are the bid and ask prices immediately after you place your order?
My approach: 9.99 --> order will be sold by 9.99 as it is cheaper than the market. if limit 10.02, the prices will not change as to buy I have to use ask of 10.05. is it right? |
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