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(a) You are given the following information displayed on an electronic trading platform. 105 48.1 48.0 194 47.9 102 47.8 181 12 47.7 47.6 9

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(a) You are given the following information displayed on an electronic trading platform. 105 48.1 48.0 194 47.9 102 47.8 181 12 47.7 47.6 9 15 47.5 11 47.4 What is the liquidity effect and the average price of trade if you place i) a limit order to sell 100 shares at 47.6; ii) a limit order to buy 50 shares at 48.1; iii) a market order to buy 300 shares. (11 marks) -) Briefly discuss the likely future price movements. (6 marks)

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