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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 $92.17 800
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 | 245 | |||
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.Round number of shares to the nearest whole number.)
Price | Number of Shares |
$ | $ |
$ | $ |
$ | $ |
$ | $ |
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