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Consider the following data and solve questions Bid Quantity Bid Price Ask Price Ask Quantity $150.00 1 102.56$ 2550 102.15$ 255 102.10$ 178 102.05$ 425
Consider the following data and solve questions
Bid Quantity | Bid Price | Ask Price | Ask Quantity |
$150.00 | 1 | ||
102.56$ | 2550 | ||
102.15$ | 255 | ||
102.10$ | 178 | ||
102.05$ | 425 | ||
101.91$ | 500 | ||
101.84$ | 200 | ||
101.75$ | 225 | ||
101.55$ | 125 | ||
100.90$ | 55 | ||
150 | 100$ | ||
225 | 99.90$ | ||
580 | 99.85$ | ||
654 | 99.73$ | ||
350 | 99.52$ | ||
335 | 99.48$ | ||
1500 | 99.43$ | ||
1548 | 99.30$ | ||
2500 | 99.25$ | ||
3000 | 99.15$ |
a) The price of a market order to sell 100 shares.
b) The price of a market order to buy 200 shares
c) The effective bid-ask spread as the last order is executed .
plz explain each step
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