You find the following order book on a particular stock. The last trade on the stock...
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You find the following order book on a particular stock. The last trade on the stock was at $67.36. Buy Orders Sell Orders Shares 250 Price $ 67.35 Shares Price 100 $ 67.38 550 67.34 750 67.39 900 67.33 1,000 67.41 300 67.31 350 67.42 850 67.43 a. If you place a market buy order for 100 shares, at what price will it be filled? Note: 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? Note: Round your answer to 2 decimal places. Share price c. Suppose you place a market order to buy 300 shares. At what price will it be filled? Choose the appropriate answer. You find the following order book on a particular stock. The last trade on the stock was at $67.36. Buy Orders Sell Orders Shares 250 Price $ 67.35 Shares Price 100 $ 67.38 550 67.34 750 67.39 900 67.33 1,000 67.41 300 67.31 350 67.42 850 67.43 a. If you place a market buy order for 100 shares, at what price will it be filled? Note: 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? Note: Round your answer to 2 decimal places. Share price c. Suppose you place a market order to buy 300 shares. At what price will it be filled? Choose the appropriate answer.
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