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The table below shows the limit order book for Foghorn Enterprises. Limit Buy Orders Limit Sell Orders Price Shares Price Shares $ 92.05 100 $
The table below shows the limit order book for Foghorn Enterprises.
Limit Buy Orders | Limit Sell Orders | ||
---|---|---|---|
Price | Shares | Price | Shares |
$ 92.05 | 100 | $ 92.17 | 800 |
92.04 | 300 | 92.16 | 500 |
92.03 | 450 | 92.15 | 300 |
92.02 | 900 | 92.14 | 600 |
92.01 | 1,600 | 92.13 | 300 |
92.12 | 400 | ||
92.11 | 275 |
Required:
a. If you place a market order to buy 1,100 shares, in what sequence will you pay for the shares? (Round the price to 2 decimal places and Round number of shares to the nearest whole number.)
b. What is the total cost of the purchase? (Round your answer to the nearest whole dollar.)
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