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The following order book exists for a particular stock. The last trade on the stock was at $67.36. Buy Orders Sell Orders Shares Price Shares
The following order book exists for a particular stock. The last trade on the stock was at $67.36. |
Buy Orders | Sell Orders | ||||||||||
Shares | Price | Shares | Price | ||||||||
250 | $67.35 | 100 | $ | 67.38 | |||||||
550 | 67.34 | 750 | 67.39 | ||||||||
900 | 67.33 | 1,000 | 67.41 | ||||||||
300 | 67.31 | 350 | 67.42 | ||||||||
850 | 67.43 | ||||||||||
a. | If you place a market buy order for 100 shares, at what price will it be filled? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
Share price | $ |
b. | If you place a market sell order for 100 shares, at what price will it be filled? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
Share price | $ |
c. | Suppose you place a market order to buy 300 shares. At what price will it be filled? Choose the appropriate answer. | ||||||||
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