Question: Need Help answering this ASAP PLEASE!!!!! value: 10.00 points The table below shows the limit order book for Foghorn Enterprises. Limit Buy Orders Limit Sell

Need Help answering this ASAP PLEASE!!!!! value: 10.00 points The table belowNeed Help answering this ASAP PLEASE!!!!!

value: 10.00 points The table below shows the limit order book for Foghorn Enterprises. Limit Buy Orders Limit Sell Orders Price Shares Price Shares 100 $92.05 $92.17 800 300 92.16 500 92.04 92.03 450 92.15 300 900 92.14 600 92.02 92.13 300 92.01 1,600 400 92.12 92.11 215 a. If you place a market order to buy 50 shares, in what sequence will you pay for the share (Round the price to 2 decimal places. Round number of shares to the nearest whole number.) Number of Shares Price b. What is the total cost of the purchase? (Round your answer to the nearest whole number.) Total cost

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!