Question

Using info of stock quotes of Walmart Inc. , answer questions

Price: 137.27
Bid	136.65x800	PE Ratio	21.9
Ask	137.65x800	EPS	6.27
		Forward dividend & yield	2.16(1.58%)

Bob placed a limit buy order of 136.66/share of 400 shares. will his order be filled ?

Answer 1

The bid price is 136.65 while the ask price is 137.65

The bid price is the price at which the investor can sell shares whereas the ask price is the price at which it will buy shares.

Here, since the investor has placed a buy order, the ask price is applicable. The minimum price that the investor has to pay for buying shares of Walmart is 137.65 and the investor has placed an order to buy shares @ $136.66

The order will not be filled at this limit price.