Question

A customer places an order to buy 100 shares of ABC at the market. The execution report shows the trade occurring at $45.63. The firm sends out a confirmation which states that the trade occurred at $45.38. Which statement is TRUE

Answer 1

B. The customer will pay $4,563 plus any applicable commissions

Step-by-step explanation:

Based on the information given in which the customer tend to places an order to buy 100 shares of the ABC at the market in which the report shows that the trade occurred at $45.63 while a confirmation was sent out which states that the trade occurred at the amount of $45.38 which means that the amount of the trade will be $45.63 and not $45.38

Therefore the TRUE statement is that the customer will pay $4,563 plus any applicable commission . The $4,563 is calculated as (100 shares* Occuring trade Confirmation of $45.38)