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Consider the following limit order book: Shares Price 3450 51.29 Asks 5100 51.27 3200 51.20 1800 51.17 Bids 7590 51.15 3140 51.12 If you purchase
Consider the following limit order book: Shares Price 3450 51.29 Asks 5100 51.27 3200 51.20 1800 51.17 Bids 7590 51.15 3140 51.12 If you purchase or sell the stock, you must pay a flat commission of $25. If you buy 85 shares of the stock and immediately sell them, what is your total transaction cost in dollars? Please report your answer rounded to two decimal places. Your Answer: Consider the following limit order book: Shares Price 3450 51.29 Asks 5100 51.27 3300 51.20 1900 51.19 Bids 7590 51.15 3140 51.12 A market buy order for 5500 shares arrives. How many shares of the order is filled at $51.27? Your
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