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Consider the following limit-order book for FinTrade stock. The last trade in the stock occurred at a price of $93. Limit Buy Orders Limit Sell
Consider the following limit-order book for FinTrade stock. The last trade in the stock occurred at a price of $93.
Limit Buy Orders | Limit Sell Orders | ||||||
Price | Shares | Price | Shares | ||||
$ | 92.75 | 500 | $ | 93.25 | 100 | ||
92.50 | 500 | 93.50 | 200 | ||||
92.25 | 500 | 96.75 | 300 | ||||
92.00 | 200 | 100.25 | 100 | ||||
91.50 | 700 | ||||||
a. If a market buy order for 100 shares comes in, at what price will it be filled? (Round your answer to 2 decimal places.)
b. At what price would the next market buy order be filled?
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