Question
Here is a small part of the order book for Mesquite Foods: Bid Ask Price Size Price Size 105 250 105.5 500 104.5 500 105.8
Here is a small part of the order book for Mesquite Foods:
| Bid | Ask | |||
| Price | Size | Price | Size | |
| 105 | 250 | 105.5 | 500 | |
| 104.5 | 500 | 105.8 | 500 | |
| 103 | 1,000 | 106 | 900 | |
| 101.8 | 750 | 106.5 | 850 | |
a. Georgina Sloberg submits a market order to sell 250 shares. What price will she receive?
b. Norman Pilbarra submits a market order to buy 850 shares. What is the maximum price that he will pay? (Round your answer to 2 decimal places.)
c. Carlos Ramirez submits a limit bid order at 107. Will it execute immediately?
-
Yes
-
No
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Employee Relations Audits
Authors: C. Jennings, W. E. J. McCarthy, R. Undy
1st Edition
0415786614, 978-0415786614
