Question

A day order is entered to buy 500 LMN at 24.35. By the close of the trading day the firm has been able to purchase 100 shares at 24.25 and 200 shares at 24.35. If the remainder of the order is unfilled, what is the outcome

Answer 1

Answer is given below

Explanation:

given data    

order  = 500 LMN

buy = 24.35

purchase =  100 shares

purchase 100 share at  = 24.25

purchase 200 share at  = 24.35

when he order here 500 but the customer must accept the order for 300 shares.

The representative not give the guarantee that the orders will be completed by end of the day.