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Canadian Securities Course Exam 1

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Canadian Securities Course Exam 1 Questions and Answers

Questions 1

Anwar is placing a market order to purchase 100 shares of AJLwhen the bid/ask is $10.25."$ 10.75. Before the trade is complete, the bid/ask moves to $10.207S1Q70. Whatis the share pricethat Anwar will pay on the purchase transaction?

Options:

A.  

$10.70

B.  

$10.75

C.  

$10.29

D.  

$10.20