ABC Inc. has 130,000 shares of stock outstanding. You want to buy 400 of these shares. The price you will have to pay is the ___________ price.

Question

Quizplus · Accepted Answer

The ask price is the price at which a seller is willing to sell a security, in this case, ABC Inc. stock. As a buyer, you would have to pay the ask price in order to purchase shares, so the ask price is the price you would have to pay for the 400 shares you want to buy. The other answer choices do not relate to the price you would pay for the shares.

ABC Inc Has 130,000 Shares of Stock Outstanding