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Show the formula and the answer. Consider the follow order book exists for a particular stock. That is, these are limit orders away from the

Show the formula and the answer.
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Consider the follow order book exists for a particular stock. That is, these are limit orders away from the market. The stock last traded at $55.52 per share Buy Orders Sell Orders Sharos Price Shares Price 250 $55,50 100 $55.00 600 $55.40 500 $55.70 900 $55.30 750 $55.80 $55.20 300 $55.90 If you put in a market order to buy 400 shares of stock, what will be the total cost of the transaction? Your broker charges you $15 per transaction 1200 Select one Less than $22.100 More than $22.400 $22.300 to $22.400 d $22.100 to $22.00 $22.200 to $22.300 If you put in a market order to sell 400 shares of stock, What will be the total credit to your account? Your broker charges you $20 per transaction Select one a. $22,100 to $22.200 b. $22.200 to $22.300 c. 522,300 to $22,400 d. Less than $22.100 a. More than $22.400

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