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A market has the following limit order book for a stock: Bid Size Limit Price Offer Size 400 shares $11.4 1,200 13.9 000 15.5 000
A market has the following limit order book for a stock:
Bid Size | Limit Price | Offer Size |
400 shares | $11.4 | |
1,200 | 13.9 | |
000 | 15.5 | |
000 | 17.8 | |
20.3 | 600 shares | |
29.2 | 200 | |
34 | 800 |
A trader has just placed a new limit buy order at $30 of 1,000 shares. When and if this order is executed, what is the average price paid for the shares bought?
Round your answer to the nearest one decimal place, i.e., $0.1.
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