Question
The limit-order book for a security is: Unfilled Limit Orders Buy Orders Sell Orders 25.13 200 25.37 400 25.15 600 25.39 300 25.30 300 25.42
The limit-order book for a security is:
| Unfilled Limit Orders | |||
| Buy | Orders | Sell | Orders |
| 25.13 | 200 | 25.37 | 400 |
| 25.15 | 600 | 25.39 | 300 |
| 25.30 | 300 | 25.42 | 300 |
The specialist receives a market order to sell 400 shares. What is the average selling price per share? You must show your calculation
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
2nd Edition
0072318252, 9780072318258
