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The following order book exists for a particular stock. The last trade on the stock was at $42.34 Buy Orders Sell Orders Shares Price Shares
The following order book exists for a particular stock. The last trade on the stock was at $42.34
Buy Orders | Sell Orders | |||||
Shares | Price | Shares | Price | |||
250 | $42.33 | 100 | $42.36 | |||
400 | 42.32 | 350 | 42.37 | |||
900 | 42.31 | 1,000 | 42.39 | |||
225 | 42.29 | 200 | 42.40 | |||
300 | 42.41 |
a. If you place a market buy order for 100 shares, at what price will it be filled?
b. If you place a market sell order for 200 shares, at what price will it be filled?
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