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1. The following are the limit prices and the quantities of limit sell orders of Stock LUCKY kept in the book: price $15 $16 $17
1. The following are the limit prices and the quantities of limit sell orders of Stock LUCKY kept in the book: price $15 $16 $17 $18 $20 shares 100 50 100 100 1000 (a) If you want to buy 500 shares, and you want to make sure that there are 500 shares in your account by the end of today. Which do you want to place, a market order, a limit order, or a stop order? What will be the final cost of buying these stocks? (b) Suppose that you think the fair price is $10. Then, you don't want to buy the stock at a price higher than $10.5. How should you make the order? Will your order be surely filled? (c) You want to buy 100 shares, and you strongly believe that the stock price will decrease. You, of course, also agree that the stock price can increase. You don't have time to look at the price all the time. The worst price you can accept is $25. How should you make the order? If the price does increase to $25, what will be your buying price
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