7. Suppose that the last sale of Company X stock was at a price of $100.00. Further...

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7. Suppose that the last sale of Company X stock was at a price of $100.00. Further suppose that an investor wishes to place a market order to purchase 25,000 shares of Company X stock.

Market A Market B

# Shares Offer ($) # Shares Offer ($)

30,000 100.00 10,000 100.00 40,000 100.02 10,000 100.01 10,000 100.05 10,000 100.03 20,000 100.06 20,000 100.04 30,000 100.07 40,000 100.05 10,000 100.09 40,000 100.05 Which of the two markets has greater depth?

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