Buying stock with a market order you would like to buy, Financial Management

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Buying stock with a market order you would like to buy

Buying Stock with a Market Order You would like to buy shares of International Business Machines (IBM). The current bid and ask quotes are $96.35 and $96.60, respectively. You place a market buy-order for 400 shares that executes at these quoted prices. How much money did it cost to buy these shares?

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