Here is a small part of the order book for Mesquite Foods: a. Georgina Sloberg submits a
Question:
Here is a small part of the order book for Mesquite Foods:
a. Georgina Sloberg submits a market order to sell 100 shares. What price will she receive?
b. Norman Pilbarra submits a market order to buy 400 shares. What is the maximum price that he will pay?
c. Carlos Ramirez submits a limit bid order at 105. Will it execute immediately?
Transcribed Image Text:
Ask Bid Size Price 103.5 103.8 Price 103 102.5 Size 100 200 200 200 101 104 400 300 99.8 104.5 400 300
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a 10300 b 10380 c Yes if Ca...View the full answer
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Related Book For
Principles of Corporate Finance
ISBN: 978-1260013900
13th edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen
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