Calculate the number of stock you could purchase with a $100,000 market buy order, ignoring explicit transaction
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Question:
Calculate the number of stock you could purchase with a $100,000 market buy order, ignoring explicit transaction costs. If there's less than this value of stock for sale in the first 5 rows of the LOB above, then calculate the total number of stock for sale in those first 5 rows of the limit sell side of the LOB shown by your broker. You can round yoru answer to the nearest whole stock or leave your answer as a decimal.
Buyers | sellers | ||
Quantity | Price | Price | Quantity |
11800 | 18.31 | 18.33 | 7821 |
12690 | 18.3 | 18.34 | 17470 |
7112 | 18.29 | 18.35 | 12570 |
12470 | 18.28 | 18.36 | 17070 |
16840 | 18.27 | 18.37 | 7121 |
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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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