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Consider the following limit-order book for a share of stock. You shorted 250 shares of the stock a week ago at $48 per share and
Consider the following limit-order book for a share of stock. You shorted 250 shares of the stock a week ago at $48 per share and placed a stop-buy order for 250 at $50. The last trade in the stock occurred at $50. What is the average price at which your order will be executed? (Use two decimal places; do not enter dollar, $, sign)
Limit Buy Orders | Limit Sell Orders | |||
Price | Shares |
| Price | Shares |
49.75 | 500 | 50.25 | 100 | |
49.50 | 800 | 51.50 | 100 | |
49.25 | 500 | 54.75 | 300 | |
49.00 | 200 | 58.25 | 100 | |
48.50 | 600 |
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