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A market has the following limit order book for a stock: Bid Size Limit Price Offer Size 400 shares $51.2 1,200 45.1 400 50.6 500
A market has the following limit order book for a stock:
Bid Size | Limit Price | Offer Size |
400 shares | $51.2 | |
1,200 | 45.1 | |
400 | 50.6 | |
500 | 61.2 | |
73.8 | 100 shares | |
78.2 | 200 | |
82.5 | 800 |
A trader has just placed a new limit sell order at $50 of 1,000 shares. When and if this order is executed-what is the average price received for the shares sold? (Round to nears 1 decimal place)
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