Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $145 Limit Buy
Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $145
Limit Buy Orders | Limit Sell Orders |
Price Shares | Price Shares |
$144.75 800 | $145.25 120 |
144.50 1100 | 146.50 120 |
144.25 800 | 149.75 200 |
144.00 200 | 153.25 120 |
143.50 900 |
After fill the market order in previous question, at what price would the next market buy order of 120 shares be filled? (Round your answer to 2 decimal places.)
Next best price:
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