Question

The following order book exists for a particular stock. The last trade on the stock was at $41.74. Buy Orders Sell Orders Shares Price Shares Price 250 $ 41.73 250 $ 41.78 200 41.72 800 41.79 900 41.71 1,000 41.81 175 41.68 600 41.82 350 41.83 a. If you place a market buy order for 220 shares, at what price will it be filled? (Omit the "$" sign in your response. Round your answer to 2 decimal places.) Shares Price $ b. If you place a market sell order for 175 shares, at what price will it be filled? (Omit the "$" sign in your response. Round your answer to 2 decimal places.) Shares 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 $41.78 and 100 shares at $41.79 200 shares at $41.83 and 100 shares at $41.82 250 shares at $41.74 250 shares at $41.83

          The following order book exists for a particular stock. The last
trade on the stock was at $41.74.
              
Buy Orders
Sell Orders
Shares
Price
Shares
Price
250
  
$
41.73
250
  
$
41.78  
200
  
41.72
800
  
41.79
900
  
41.71
1,000
  
41.81
175
  
41.68
600
  
41.82
350
  
41.83
                
a.
If you place a market buy order
for 220 shares, at what price will it be filled? (Omit the
"$" sign in your response. Round your answer to 2 decimal
places.)
                
  Shares Price
$   
             
b.
If you place a market sell order
for 175 shares, at what price will it be filled? (Omit the
"$" sign in your response. Round your answer to 2 decimal
places.)
              
  Shares 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 $41.78 and 100 shares
at $41.79
200 shares at $41.83 and 100 shares
at $41.82
250 shares at $41.74
250 shares at $41.83

the following order book exists for a particular stock the last trade on the stock was at 4174 buy orders sell orders shares price shares price 250 4173 250 4178 200 4172 800 4179 900 4171 1 46384

Added by David M.

Question

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