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Question 10) Suppose the limit order book for stock X currently looks like this: Asks Bids Price Quantity Price Quantity $10.20 100 $9.90 25 $10.40

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Question 10) Suppose the limit order book for stock X currently looks like this: Asks Bids Price Quantity Price Quantity $10.20 100 $9.90 25 $10.40 250 $9.40 75 $10.90 150 $9.10 375 (a) What would be the total amount received for a limit sell order for 200 shares at limit (between 9 and 11) price $9.30? What is the average price per share received from the order? (between 8 and 16) Q9-b) Suppose the order described in part (a) was not placed. Suppose you compute the net return on the stock based on the change in the midpoint between the bid and ask price (e.g., currently the midpoint is (10.20 + 9.90) 2 = $10.05). A trader just submitted a limit buy order for 400 shares at limit price $10.30. Assume nothing else changed. What would be the net return you observe for the stock after this trader submitted her order? (percentage) (between 1 and 6)

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