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Problem 7-3 Stock Quotes (LO1) Here is a small part of the order book for Mesquite Foods: Bid Ask Price Size Price Size $ 95
Problem 7-3 Stock Quotes (LO1)
Here is a small part of the order book for Mesquite Foods:
Bid | Ask | |||||
Price | Size | Price | Size | |||
$ | 95 | 160 | $ | 95.5 | 320 | |
$ | 94.5 | 320 | $ | 95.8 | 320 | |
$ | 93 | 640 | $ | 96 | 540 | |
$ | 91.8 | 480 | $ | 96.5 | 580 | |
a. Georgina Sloberg submits a market order to sell 160 shares. What price will she receive? Price?
b. Norman Pilbarra submits a market order to buy 640 shares. What is the maximum price that he will pay? (Round your answer to 2 decimal places.) Maximum Price
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