Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Here is a small part of the order book for Mesquite Foods Bid Ask Price Size Bizo $.97 100 $96.50 360 5.95 720 Price $97.50

image text in transcribed
image text in transcribed
Here is a small part of the order book for Mesquite Foods Bid Ask Price Size Bizo $.97 100 $96.50 360 5.95 720 Price $97.50 $97.80 360 360 $ 98 620 $93.80 540 $98.50 640 a. Georgina Sloberg submits a market order to sell 180 shares. What price will she receive? Price b. Norman Pilbarra submits a market order to buy 720 shares. What is the maximum price that he will pay? Note: Round your answer to 2 decimal places. Maximum price c. Carlos Ramirez submits a limit bid order at 99. Will it execute immediately? O Yes O No Here is a small part of the order book for Mesquite Foods: Bid Ask Price Size 360 Size $97 180 96.50 360 $95 Price $97.50 $97.80 $98 360 720 620 $93.80 540 $ 98.50 640 a. Georgina Sloberg submits a market order to sell 180 shares. What price will she receive? Price b. Norman Pilbarra submits a market order to buy 720 shares. What is the maximum price that he will pay? Note: Round your answer to 2 decimal places. Maximum price c. Carlos Ramirez submits a limit bid order at 99. Will it execute immediately? OYes O No

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance For Housing An Introduction

Authors: Cathy Davis

1st Edition

1447306481, 978-1447306481

More Books

Students also viewed these Finance questions

Question

How do books become world of wonder?

Answered: 1 week ago