Question
Consider the following limit order book of a specialist on NYSE. Limit Buy Orders Limit Sell Orders Price Shares Price Shares $55.05 200 $55.25 100
Consider the following limit order book of a specialist on NYSE.
Limit Buy Orders |
| Limit Sell Orders |
|
Price | Shares | Price | Shares |
$55.05 | 200 | $55.25 | 100 |
54.75 | 300 | 55.50 | 100 |
54.25 | 300 | 55.75 | 200 |
54.00 | 100 | 55.85 | 300 |
If you submit a market sell order for 100 shares, at what prices will your order be filled?
- $55.85
- $55.50
- $55.25
- $55.05
- $54.00
Which one of the following statements about short sales is FALSE?
A) Maximum loss is unlimited.
B) During the short sale period, stock dividends will be paid to the short sellers.
C) The short sellers lose if the stock price rises.
D) The proceeds from the sale of borrowed stock cannot be invested in other stocks.
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