Question
Here is a small part of the order book for Mesquite Foods: Bid Ask Price Size Price Size $ 102 230 $ 102.50 460 $
Here is a small part of the order book for Mesquite Foods:
| Bid | Ask | ||
|---|---|---|---|
| Price | Size | Price | Size |
| $ 102 | 230 | $ 102.50 | 460 |
| $ 101.50 | 460 | $ 102.80 | 460 |
| $ 100 | 920 | $ 103 | 820 |
| $ 98.80 | 690 | $ 103.50 | 790 |
Georgina Sloberg submits a market order to sell 230 shares. What price will she receive?
b. Norman Pilbarra submits a market order to buy 920 shares. What is the maximum price that he will pay?
Note: Round your answer to 2 decimal places.
b. Norman Pilbarra submits a market order to buy 920 shares. What is the maximum price that he will pay?
Note: Round your answer to 2 decimal places.
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Contemporary Issues In Behavioral Finance
Authors: Simon Grima
1st Edition
1787698823, 978-1787698826
