Question: Consider the following data and solve questions Bid Quantity Bid Price Ask Price Ask Quantity $150.00 1 102.56$ 2550 102.15$ 255 102.10$ 178 102.05$ 425
Consider the following data and solve questions
| Bid Quantity | Bid Price | Ask Price | Ask Quantity |
| $150.00 | 1 | ||
| 102.56$ | 2550 | ||
| 102.15$ | 255 | ||
| 102.10$ | 178 | ||
| 102.05$ | 425 | ||
| 101.91$ | 500 | ||
| 101.84$ | 200 | ||
| 101.75$ | 225 | ||
| 101.55$ | 125 | ||
| 100.90$ | 55 | ||
| 150 | 100$ | ||
| 225 | 99.90$ | ||
| 580 | 99.85$ | ||
| 654 | 99.73$ | ||
| 350 | 99.52$ | ||
| 335 | 99.48$ | ||
| 1500 | 99.43$ | ||
| 1548 | 99.30$ | ||
| 2500 | 99.25$ | ||
| 3000 | 99.15$ |
a) The price of a market order to sell 100 shares.
b) The price of a market order to buy 200 shares
c) The effective bid-ask spread as the last order is executed .
plz explain each step
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
