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The table below shows the limit order book for Foghorn Enterprises Limit Buy Orders Price Shares $ 92.05 100 92.04 300 92.03 450 92.02 900
The table below shows the limit order book for Foghorn Enterprises Limit Buy Orders Price Shares $ 92.05 100 92.04 300 92.03 450 92.02 900 92.01 1,600 Limit Sell Orders Price Shares $ 92.17 800 92.16 500 92.15 300 92.14 600 92.13 300 92.12 400 92.11 285 Required: a. If you place a market order to buy 1,150 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.) Price Number of Shares b. What is the total cost of the purchase? (Round your answer to the nearest whole dollar.) Total cost
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