Question
1. The limit order book for Intel Corp. stock is as follows as of right now. Explain how will EACH of the following orders be
1. The limit order book for Intel Corp. stock is as follows as of right now.
Explain how will EACH of the following orders be executed (always start from the original table information), if there is a transaction, calculate how much money needs to be paid or will get for the order. Lastly, show what will happen to the limit order book (on both the Bid and Ask sides) after the order comes in.
A) Market buy order of 4,900 shares
B) Market sell order of 5,000 shares
C) Limit sell order of 8,000 shares at $23.16
D) Limit buy order of 14,000 shares at $23.17
INTC Intel Corp CNYSE Arca. INTC Go>> Ask ID ARCA ARCA ARCA ARCA ARCA ARCA Bid Price Size Time I ID 23.16 17200 14:42:11 ARCA 23.152780014:42:06 ARCA 23.14 26000 14:42:11 | ARCA 23.13 31100 14:42:06 ARCA 23.12 18900 14:42:04 ARCA 23 11 1792514:42:03 | ARCA Price 23.17 23.18 23.19 23.20 23.21 2922 Size 10900 31643 29445 27946 14628 19725 Time 14:42:08 14:42:04 14:42:05 14:42:08 14:42:04 14:42:02 |Step by Step Solution
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