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3) Consider the following limit-order book of a specialist. Limit Buy Orders Limit Sell Orders Price($) Shares Price ($) Shares 49.75 500 50.25 100 49.50
3) Consider the following limit-order book of a specialist.
Limit Buy Orders |
| Limit Sell Orders | ||
Price($) | Shares |
| Price ($) | Shares |
49.75 | 500 |
| 50.25 | 100 |
49.50 | 800 |
| 51.50 | 100 |
49.25 | 500 |
| 54.75 | 300 |
49.00 | 200 |
| 58.25 | 100 |
48.50 | 600 |
|
|
|
- If a market buy order for 100 shares comes in, at what price(s) will it be filled
- If a market buy order for 300 shares comes in, at what price(s) will it be filled?
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