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Below is the limit order book for a stock. Limit Buy Orders Limit Sell Orders Price Shares Price Shares $39.75 75 $40.25 100 $39.50 125
Below is the limit order book for a stock. Limit Buy Orders Limit Sell Orders Price Shares Price Shares $39.75 75 $40.25 100 $39.50 125 $40.50 100 a. How much is a dealer compensated (per share) for providing liquidity in this market? Provide your answer in dollars and cents (e.g., 1.23). $ b. What is the average price at which an investor could buy 150 shares? Provide your answer in dollars and cents (e.g., 1.23). $
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