James Beskins and Jennifer Stock have both decided to buy 100 shares of WWW.COM,
January 1st, 2018
James Beskins and Jennifer Stock have both decided to buy 100 shares of WWW.COM, a hot Internet stock. The market price is $240 per share when Lance places a market order and Jennifer places a limit order at $230 per share. One week later, the price of WWW.com is $305 per share after having increased steadily since Lance and Jennifer placed their orders. How much profit has Lance made? How much profit has Jennifer made?