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Here is a small part of the order book for Mesquite Foods: Bid Ask Price Size Price Size 103 100 103.5 200 102.5 200 103.8
Here is a small part of the order book for Mesquite Foods:
Bid | Ask | |||
Price | Size | Price | Size | |
103 | 100 | 103.5 | 200 | |
102.5 | 200 | 103.8 | 200 | |
101 | 400 | 104 | 300 | |
99.8 | 300 | 104.5 | 400 | |
a. Georgina Sloberg submits a market order to sell 100 shares. What price will she receive?
b. Norman Pilbarra submits a market order to buy 400 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 105. Will it execute immediately?
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Yes
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No
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