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Consider the following limit-order book for FinTrade stock. The last trade in the stock occurred at a price of $65. Consider the following limit-order book
Consider the following limit-order book for FinTrade stock. The last trade in the stock occurred at a price of $65.
Consider the following limit-order book for FinTrade stock. The last trade in the stock occurred at a price of $65. Limit Buy Orders Price Shares $ 64.75 500 64.50 800 64.25 500 64.00 300 63.50 800 Limit Sell Orders Price Shares $ 65.25 200 65.50 300 68.75 300 72.25 100 a. If a market buy order for 200 shares comes in, at what price will it be filled? (Round your answer to 2 decimal places.) Price $ 62.25 b. At what price would the next market buy order be filled? (Round your answer to 2 decimal places.) Price $ 62.25 c. If you were a security dealer, would you want to increase or decrease your inventory of this stock? Increase O DecreaseStep by Step Solution
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