1. Selling Stock with a Limit Order You would like to sell 300 shares of International Business Machines (IBM). The current bid and ask quotes are $96.25 and $96.18, respectively. You place a limit sell-order at $96.21. If the trade executes, how much money do you receive from the buyer?
2. According to the Value Line Investment Survey, the growth rate in dividends for Duke Energy for the previous 10 years has been 1.5%. If investors feel this growth rate will continue, what is the required return for Duke Energy stock?
3. List five basic factors a salesperson must consider when engaging in territory-time allocation.