Consider the stock table below
A. What is the current price of the stock?
B. What are shareholders trying to sell it currently asking for?
A)a. $87.37; b. $87.16
B)a. $87.25; b. $87.17
C)a. $87.37; b. $87.17
D)a. $87.25; b. $87.16

Question

Consider the stock table below
A. What is the current price of the stock?
B. What are shareholders trying to sell it currently asking for? 
A)a. $87.37; b. $87.16 
B)a. $87.25; b. $87.17 
C)a. $87.37; b. $87.17 
D)a. $87.25; b. $87.16

Quizplus · Accepted Answer

The current price of the stock is the last traded price, which is $87.37. The shareholders trying to sell it are asking for the highest price they are willing to sell it for, which is the ask price. The highest ask price in the table is $87.17, so the answer is C, with a current price of $87.37 and shareholders asking for $87.17. The current price of the stock is the bid price of $87.37, which is option A. The shareholders trying to sell the stock are asking for the ask price of $87.17, which is option B. Therefore, the only option that correctly identifies both prices is option C.

Consider the Stock Table Below