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Steve and Chris are looking at the following limit order book for the stocks of Google company (GOOGL). Steve Owns 8000 shares he wants to

Steve and Chris are looking at the following limit order book for the stocks of Google company (GOOGL). Steve Owns 8000 shares he wants to sell at a price equal to or better than 1469. He asks his broker to place the suitable order on his behalf. Seconds later, Chris places a market order to buy 15000 shares. What is the average price Chris pays for each share? (2 points)

Bid Size

Bid Price

Ask Price

Ask Size

5000

1467

1470

1000

3000

1465

1472

3500

1000

1460

1475

5000

10000

1450

1478

100000

40000

1445

1480

1000000

I.

1469.5

II.

1470.00

III.

1470.36

IV.

1470.76

V.

1472.13

VI.

1472.67

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