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One order is a market order for the purchase of 200 shares. A second order is a fill or kill limit order set at $45.20
One order is a market order for the purchase of 200 shares. A second order is a fill or kill limit order set at $45.20 for the purchase of 200 shares. When the two orders arrive at the stock exchange, the bid quote is $45.16 and the ask quote is $45.24. This information is displayed in the following table: (a) What is the value of the market order trade? The value of the market order trade is 1 (b) What is the value of the limit order trade? The value of the limit order trade is 1 - Enter a o if the trade has no value (when the trade is not filled)
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