Question
Here is a small part of the order book for Mesquite Foods: Bid Ask Price Size Price Size $ 105 250 $ 105.50 500
Here is a small part of the order book for Mesquite Foods: Bid Ask Price Size Price Size $ 105 250 $ 105.50 500 $ 104.50 500 $ 105.80 500 $ 103 1,000 $ 106 900 $ 101.80 750 $ 106.50 850 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 1,000 shares. What is the maximum price that he will pay? Note: Round your answer to 2 decimal places.
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus
9th edition
1259722619, 978-1260049190, 1260049191, 978-1259722615
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