Question
A trader submits an all-or-nothing, immediate-or-cancel [fill or kill] order to sell 800 shares at 17.35. There are four buy limit orders standing in the
A trader submits an all-or-nothing, immediate-or-cancel [fill or kill] order to sell 800 shares at €17.35. There are four buy limit orders standing in the stock's order book at the time the order is entered. The order book appears as follows:
Limit Buy Orders Limit Sell Orders
300 shares @ €17.35 100 shares @ €17.45
200 shares @ €17.35 400 shares @ €17.48
800 shares @ €17.33 500 shares @ €17.50
200 shares @ €17.31 900 shares @ €17.51
The number of shares of the order that will be executed is closest to:
a. 0
b. 200
c. 300
d. 500
e. 800
f. None of the above answers is correct.
Step by Step Solution
3.34 Rating (160 Votes )
There are 3 Steps involved in it
Step: 1
The ne of Shares that will ...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 StartedRecommended Textbook for
Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
2nd Edition
0078110823, 9780078110825
Students also viewed these Economics questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App