Question: please help solve Consider the following limit-order book for a share of stock. The last trade in the stock occurred at a price of $104.
please help solve
Consider the following limit-order book for a share of stock. The last trade in the stock occurred at a price of $104. Limit Buy Orders Limit Sell Orders Price Shares Price Shares $ 103.75 500 $ 104.25 200 103.50 400 104.50 200 103.25 500 107.75 300 103.00 300 111.25 100 102.50 700 a. If a market sell order for 1000 shares comes in, at what price will it be filled? b. At what price would the next market buy order be filled
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
