Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You find the following order book on a particular stock. The last trade on the stock was at $30.73. Buy Orders Shares Price 250 $30.72

image text in transcribed

You find the following order book on a particular stock. The last trade on the stock was at $30.73. Buy Orders Shares Price 250 $30.72 150 30.71 900 30.70 100 30.68 Sell Orders Shares Price 200 $30.75 300 30.76 1,000 30.78 750 30.79 800 30.80 a. If you place a market buy order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places.) Share price b. If you place a market sell order for 100 shares, at what price will it be filled (Round your answer to 2 decimal places.) Share price c. Suppose you place a market order to buy 500 shares. At what price will it be filled? Choose the appropriate

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Operations Research

Authors: Frederick S. Hillier, Gerald J. Lieberman

10th edition

978-0072535105, 72535105, 978-1259162985

Students also viewed these Finance questions