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The following is the limit order book of a stock. Bid Price Shares $39.75 50 $39.50 100 $39.25 300 Ask Price Shares 40.25 100 40.50
The following is the limit order book of a stock. Bid Price Shares $39.75 50 $39.50 100 $39.25 300 Ask Price Shares 40.25 100 40.50 200 40.75 300 1) A "selling 100 shares order just came in, what would be the total revenue for the sale? (3 points) 2) What will be the inside quotes (both sides) of the limit order book after the sale? (4 points)
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