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The following order book exists for a particular stock. The last trade on the stock was at $22.14. Buy Orders Sell Orders Shares Price Shares
The following order book exists for a particular stock. The last trade on the stock was at $22.14. |
Buy Orders | Sell Orders | ||||||||||
Shares | Price | Shares | Price | ||||||||
250 | $22.13 | 200 | $ | 22.16 | |||||||
450 | 22.12 | 550 | 22.17 | ||||||||
900 | 22.11 | 1,000 | 22.19 | ||||||||
250 | 22.09 | 250 | 22.20 | ||||||||
200 | 22.21 | ||||||||||
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 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 500 shares. At what price will it be filled? Choose the appropriate answer. | ||||||||
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