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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 92.01
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 92.11 260 a. If you place a market order to buy 1,200 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 $ ta ta ta ta A A A b. What is the total cost of the purchase? (Round your answer to the nearest whole number.) Total cost
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