Share
Explore BrainMass

Limit order, market order

Question is attached.

Please re-work the same problem changing "buy" to "sell".
Thank you.

Attachments

Solution Preview

Please see the attached files also.

1) Since you are buying the shares, your objective is to buy them at a price which maximizes the gain { measured as = (target price - actual price) x probability of execution

If you are ...

$2.19