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Given the order bookfor ABC Limited, ABC Limited: Order book Price (to buy) Quantity (to buy) Price (to sell) Quantity (to sell) $1.00 50 000
Given the order bookfor ABC Limited,
ABC Limited: Order book
Price (to buy) Quantity (to buy) Price (to sell) Quantity (to sell)
$1.00 50 000 $1.10 25 000
$0.90 25 000 $1.20 50 000
$0.80 50 000 $1.30 100 000
Suppose a market order arrives to buy 50 000 shares. What is the cost of the 50 000 shares to the trader?
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$ 57 500
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$ 87 500
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$ 80 000
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$ 130 000
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