One order is a market order for the purchase of 200 shares. A second order is a fill or kill limit order set at $52.10 for the purchase of 200 shares. When the two orders arrive at the stock exchange, the bid quote is $52.07 and the ask quote is $52.13. This information is displayed in the following table:

	Buy (Shares)
Market Order	200
Limit Order	200	Limit Price	$52.10

Bid	Ask
$52.07	$52.13

(a)

What is the value of the market order trade?

The value of the market order trade is $ .

(b)

What is the value of the limit order trade?

The value of the limit order trade is $ . Enter a 0 if the trade has no value (when the trade is not filled).

Answer rating: 100% (QA)

a Since the market order is for the purchase of 20... View the full answer