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Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $50. Limit Buy
Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $50.
Limit Buy Orders | Limit Sell Orders |
Price | Shares | Price | Shares |
$49.75 | 500 | $49.80 | 100 |
$49.70 | 900 | $49.85 | 100 |
$49.65 | 700 | $49.90 | 300 |
$49.60 | 400 | $49.95 | 100 |
$49.65 | 600 | $ |
If a market sell order for 1,000 shares comes in, what is the average selling price?
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