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You find the following order book on a particular stock. The last trade on the stock was at $58.34. Buy Orders Sell Orders Shares
You find the following order book on a particular stock. The last trade on the stock was at $58.34. Buy Orders Sell Orders Shares Price Shares Price 250 $58.33 250 $58.36 200 58.32 800 58.37 900 175 58.31 58.29 1,000 58.39 600 350 58.40 58.41 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 200 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 350 shares. At what price will it be filled? Choose the appropriate answer. 250 shares at $58.41 and 100 shares at $58.40 350 shares at $58.41
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Market Order Analysis a Market Buy Order for 200 Shares A market buy order prioritizes filling th...Get Instant Access to Expert-Tailored Solutions
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