Question
Suppose the following orders are received by an exchange for Cisco stock: Limit Order: Buy 200 shares at $25.10 Limit Order: Sell 200 shares at
Suppose the following orders are received by an exchange for Cisco stock:
Limit Order: Buy
200
shares at $25.10
Limit Order: Sell
200
shares at $25.80
Limit Order: Sell
100
shares at $25.60
Limit Order: Buy
100
shares at $25.35
a. What are the best bid and ask prices for Cisco stock?
b. What is the current bid-ask spread for Cisco stock?
c. Suppose a market order arrives to buy
200
shares of Cisco. What average price will the buyer pay?
d. After the market order in
(c)
clears, what are the new best bid and ask prices, and what is the new bid-ask spread for Cisco?
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The Critical Handbook Of Money Laundering Policy Analysis And Myths
Authors: Petrus C. Van Duyne, Jackie H. Harvey, Liliya Y. Gelemerova
1st Edition
1137523972, 978-1137523976
