Question
Here is a small part of the order book for Mesquite Foods: Bid Ask Price Size Price Size 103.1 100 103.6 200 102.6 200 103.9
Here is a small part of the order book for Mesquite Foods:
| Bid | Ask | ||
| Price | Size | Price | Size |
| 103.1 | 100 | 103.6 | 200 |
| 102.6 | 200 | 103.9 | 200 |
| 101.1 | 400 | 104.1 | 300 |
| 99.9 | 300 | 104.6 | 400 |
a. Georgina Sloberg submits a market order to sell 100 shares. What price will she receive? (Round your answer to 1 decimal place.) b. Norman Pilbarra submits a market order to buy 400 shares. What is the maximum price that he will pay? (Round your answer to 1 decimal place.) c. Carlos Ramirez submits a limit bid order at 105.1. Will it execute immediately?
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
