Question
Below is the current limit order book for Intel stock. Answer the following questions. Treat each question independently. Bid Ask Price Size Price Size 23.16
Below is the current limit order book for Intel stock. Answer the following questions. Treat each question independently.
Bid | Ask | ||
Price | Size | Price | Size |
23.16 | 17200 | 23.17 | 10900 |
23.15 | 27800 | 23.18 | 31643 |
23.14 | 26000 | 23.19 | 29445 |
23.13 | 31100 | 23.2 | 27946 |
23.12 | 18900 | 23.21 | 14628 |
23.11 | 17925 | 23.22 | 19725 |
23.1 | 12250 | 23.23 | 14290 |
23.09 | 7800 | 23.24 | 11100 |
23.08 | 4900 | 23.25 | 40694 |
A. If you place a market order to buy 12,000 shares of Intel, at what price and quantity will your order be executed?
B. If you place a limit sell order for 18,000 shares of Intel at the price of $23.14, at what price and quantity will your order be executed?
C. If you place a limit buy order for 900 shares of Intel at the price of $23.16, at what price and quantity will your order be executed?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started