Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The answer is included in the picture but can you please explain how to get the answer per share 8. _The limit order book for

image text in transcribed
The answer is included in the picture but can you please explain how to get the answer
per share 8. _The limit order book for a security is: + a Unfilled Limit Orders Buy Orders Sell Orders 25.12 25.20 25.23 100 500 25.36 25.38 25.41 200 I 300 200 200 The specialist receives the following, in order: a. Market order to sell 300 shares b. Limit order to buy 100 shares at 25.38 c. Limit order to buy 500 shares at 25.30 How, if at all, are these orders filled? What does the limit order book look like after these orders? Solution: a. is fulfilled with 200 shares @ 25.23 and 100 shares @ 25.20 b. is fulfilled with 100 shares @ 25.36 c. is not filled, and goes into the book After these, the book looks like: Buy 25.12 25.20 25.30 Unfilled Limit Orders Orders Sell 100 25,36 400 25.38 500 25.41 Orders 200 200 200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Exchange Traded Funds Manual

Authors: Gary L. Gastineau

2nd Edition

0470482338, 978-0470482339

More Books

Students also viewed these Finance questions