You submit an order to buy 100 shares of stock.The price that you pay for the stock is more likely to be the ask price rather than the bid price.

Question

Quizplus · Accepted Answer

The ask price is the price at which a seller is willing to sell the stock, while the bid price is the price at which a buyer is willing to buy the stock. When submitting an order to buy, the buyer will usually pay the ask price, which is typically slightly higher than the bid price.

You Submit an Order to Buy 100 Shares of Stock