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The following order book exists for a particular stock. The last trade on the stock was at $41.74. Buy Orders Sell Orders Shares Price Shares
The following order book exists for a particular stock. The last trade on the stock was at $41.74. |
Buy Orders | Sell Orders | ||||||||||
Shares | Price | Shares | Price | ||||||||
250 | $ | 41.73 | 250 | $ | 41.78 | ||||||
200 | 41.72 | 800 | 41.79 | ||||||||
900 | 41.71 | 1,000 | 41.81 | ||||||||
175 | 41.68 | 600 | 41.82 | ||||||||
350 | 41.83 | ||||||||||
a. | If you place a market buy order for 220 shares, at what price will it be filled? (Omit the "$" sign in your response. Round your answer to 2 decimal places.) |
Shares Price | $ |
b. | If you place a market sell order for 175 shares, at what price will it be filled? (Omit the "$" sign in your response. Round your answer to 2 decimal places.) |
Shares Price | $ |
c. | Suppose you place a market order to buy 350 shares. At what price will it be filled? Choose the appropriate answer. | ||||||||
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