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Placing buy orders above the current market price in the stock market

You will pay a maximum of \$1000, but most likely much less, if the current price (the price of the last trade) was \$200, and there is a potential seller on the market waiting for a buyer. In fact, ...
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How are stock prices determined in the following cases?

As in the answer here (which you referred to yourself), the price of a stock is the price the stock was last traded at (until that price is updated because a new trade happens). A trade occurs if a ...
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