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Please explain how to do this problem and solve. Bid Ask Price Size Price Size $ 94 150 $ 94.5 300 $ 93.5 300 $
Please explain how to do this problem and solve.
Bid Ask
| Price | Size | Price | Size | |||
| $ | 94 | 150 | $ | 94.5 | 300 | |
| $ | 93.5 | 300 | $ | 94.8 | 300 | |
| $ | 92 | 600 | $ | 95 | 500 | |
| $ | 90.8 | 450 | $ | 95.5 | 550 | |
b. Norman Pilbarra submits a market order to buy 600 shares. What is the maximum price that he will pay? (Round your answer to 2 decimal places.)
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Financial Econometrics
Authors: Peijie Wang
1st Edition
0415426693, 978-0415426695
