Question
Consider the limit order book for Stock A. Ask Volume Ask Price Bid Price Bid Volume 324 $ 11.53 515 $ 11.48 395 $
Consider the limit order book for Stock A. Ask Volume Ask Price Bid Price Bid Volume 324 $ 11.53 515 $ 11.48 395 $ 11.43 693 $ 11.38 511 $ 11.33 360 $ 11.28 488 $ 11.23 600 $ 11.14 The bid-ask spread is $11.12 $11.03 $10.98 $10.93 $10.88 $10.83 $10.78 $ 10.73 $ 10.68 500 517 558 494 395 525 683 934 1247 Considering the limit order book for Stock A, the relative bid-ask spread is Considering the limit order book for Stock A, if a market buy order of 816 shares was submitted, the new best ask price would be Considering the limit order book for Stock A and the subsequent market buy order of 816 shares, the new bid-ask spread would be
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
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