Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If a market buy order for 300 shares comes into the dealer, at what price will it be filled? First 100 shares are: ______ Bid
If a market buy order for 300 shares comes into the dealer, at what price will it be filled?
First 100 shares are: ______
Bid Orders |
| Ask Orders | ||
|
|
| ||
Price | Shares |
| Price | Shares |
$49.75 | 100 |
| $50.25 | 200 |
49.50 | 100 |
| 51.50 | 100 |
49.25 | 100 |
| 54.75 | 100 |
49.00 | 200 |
| 58.25 | 200 |
48.50 | 300 |
|
|
|
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started