1. Buying Stock with a Market Order You would like to buy shares of Ralph Lauren (RL). The current bid and ask quotes are $85.18 and $85.30, respectively. You place a market buy-order for 500 shares that executes at these quoted prices. How much money did it cost to buy these shares?
$60
$42,590
$42,650
$85,240
2. Time to Maturity A bond issued by a corporation on May 1, 1999 is scheduled to mature on May 1, 2034. If today is May 2, 2009, what is this bond's time to maturity?
9 years
34 years
35 years
25 years