Question

12. You would like to buy shares of Under Armour, Inc. The current bid quote is $42.25 and the current ask quote is $42.50. You place a market buy-order for 300 shares that executes at these quoted prices. If the stock trade fee is $15, how much money did it cost to buy these shares? (Dollar)

13. You are considering the purchase of preferred shares in Cisco Systems (CSCO). Suppose you require a return of at least 7.75 percent and Cisco pays annual dividends of $1.38. What is the most that you would pay for a preferred share of Cisco? (Cent)

Answer 1