Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You find the following order book on a particular stock. The last trade on the stock was at $71.54. Buy order (bid) Shares price 50
- You find the following order book on a particular stock. The last trade on the stock was at $71.54.
Buy order (bid)
Shares | price |
50 | 71.53 |
100 | 71.03 |
100 | 70.51 |
500 | 70.49 |
Sell order (ask)
Shares | Price |
125 | 71.56 |
200 | 71.62 |
100 | 71.65 |
700 | 71.78 |
900 | 71.95 |
a. It you place a market buy order for 200 shares, at what price(s) will it be filled?
b. If you place a market sell order for 200 shares, at what price(s) will it be filled?
c. If you place a market buy order for 500 shares. At what price(s) will it be filled?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started