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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 100 shares of Intel, at what price and quantity will your order be executed? (0.5 pts)
B. If you place a limit sell order for 17300 shares of Intel at the price of $23.15, at what price and quantity will your order be executed? (0.5 pts)
C. If you place a limit buy order for 20,000 shares of Intel at the price of $23.17, at what price and quantity will your order be executed? (0.5 pts)
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