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Problem 5: Executing orders (4 points) Say the limit order book for a stock currently looks like this Offers Bids Price Quantity Price Quantity $5.45
Problem 5: Executing orders (4 points) Say the limit order book for a stock currently looks like this Offers Bids Price Quantity Price Quantity $5.45 200$5.42 300 $5.47 250$5.40 450 $5.521,500 $5.37 3,250 (a) If you submitted a market sell order for 1,200 shares, what is the average price you'd get? (Average price equals total sale divided by shares sold) Average price: 1 point (b) What would the imi order book look like after submitting this market sel order, as- suming no other orders were submitted? Offers Bids Price Quantity Price Quantity
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