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Consider the following limit-order book for FekTrade stock. The last trade in the stock occurred at a price of $52. If a market buy order
Consider the following limit-order book for FekTrade stock. The last trade in the stock occurred at a price of $52. If a market buy order for 300 shares comes in, at what average price will it be filled?
Limit Buy Orders Limit Sell Orders
Price Shares Price Shares
$51.75 500 $52.25 100
$51.50 300 $52.50 100
$51.25 500 $55.75 300
$51.00 200 $59.25 100
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