Suppose that the last sale of Company X stock was at a price of $100.00. Further suppose
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Suppose that the last sale of Company X stock was at a price of $100.00. Further suppose that an investor wishes to place a market order to purchase 25,000 shares of Company X stock.
Which of the two markets has greater depth?
Transcribed Image Text:
Market A # Shares Offer ($) 30,000 40,000 10,000 20,000 30,000 10,000 100.00 100.02 100.05 100.06 100.07 100.09 Market B # Shares 10,000 10,000 10,000 20,000 40,000 40,000 Offer ($) 100.00 100.01 100.03 100.04 100.05 100.05
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