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The following order book exists for a particular stock. The last trade on the stock was at $58.34. Buy Orders Sell Orders Shares Price Shares
The following order book exists for a particular stock. The last trade on the stock was at $58.34. |
Buy Orders | Sell Orders | ||||||||||
Shares | Price | Shares | Price | ||||||||
250 | $58.33 | 250 | $ | 58.36 | |||||||
200 | 58.32 | 800 | 58.37 | ||||||||
900 | 58.31 | 1,000 | 58.39 | ||||||||
175 | 58.29 | 600 | 58.40 | ||||||||
350 | 58.41 | ||||||||||
a. | If you place a market buy order for 200 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 200 shares, at what price will it be filled? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
Share price | $ |
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