Question
Here is a small part of the order book for Mesquite Foods: Bid Ask Price Size Price Size $ 106 260 $ 106.50 520 $
Here is a small part of the order book for Mesquite Foods:
| Bid | Ask | ||
|---|---|---|---|
| Price | Size | Price | Size |
| $ 106 | 260 | $ 106.50 | 520 |
| $ 105.50 | 520 | $ 106.80 | 520 |
| $ 104 | 1,040 | $ 107 | 940 |
| $ 102.80 | 780 | $ 107.50 | 880 |
Georgina Sloberg submits a market order to sell 260 shares. What price will she receive?
Norman Pilbarra submits a market order to buy 1,040 shares. What is the maximum price that he will pay?
Note: Round your answer to 2 decimal places.
Carlos Ramirez submits a limit bid order at 108. Will it execute immediately?
- multiple choice
Yes
no
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Public Finance
Authors: Charles Francis Bastable
1st Edition
1375520083, 978-1375520089
