Business, 29.01.2021 16:40, heastonk9136

NYSE NASDAQ Bid Ask Bid Ask
Compasny X $149.55 $150.45 $149.87 $150.13
Company Y $127.88 $128.12 $127.70 $128.30

Currently you have $120.00 in cash and 1000 shares of Stock Y in your brokerage account. You plan to simultaneously sell 1000 shares of Stock Y, then purchase as many shares of Stock X as possible. Assume you cannot borrow or buy partial shares of stock; you will also buy or sell at the best price offered. Based on the quotes provided, the cash balance in your brokerage account after you purchase the shares of Stock X is closest to:

a. $(60.89)
b. $59.11
c. $87.95
d. $89.24
e. $106.10

Answers: 1

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NYSE NASDAQ Bid Ask Bid Ask
Compasny X $149.55 $150.45 $149.87 $150.13
Company Y $127.8...