Question: Problem 5: Executing orders (4 points) Say the limit order book for a stock currently looks like this Offers Bids Price Quantity Price Quantity $5.45

Problem 5: Executing orders (4 points) Say the limit order book

for a stock currently looks like this Offers Bids Price Quantity Price

Problem 5: Executing orders (4 points) Say the limit order book for a stock currently looks like this Offers Bids Price Quantity Price Quantity $5.45 200$5.42 300 $5.47 250$5.40 450 $5.521,500 $5.37 3,250 (a) If you submitted a market sell order for 1,200 shares, what is the average price you'd get? (Average price equals total sale divided by shares sold) Average price: 1 point (b) What would the imi order book look like after submitting this market sel order, as- suming no other orders were submitted? Offers Bids Price Quantity Price Quantity

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!

Problem 5: Executing orders (4 points) Say the limit order book for a stock currently looks like this: Bids Offers Price Quantity Price Quantity $5.45 200 $5.42 300 $5.47 250 $5.40 450 $5.52 1,500...

Problem 5: Executing orders (4 points) Say the limit order book for a stock currently looks like this: Offers Bids Price Quantity Price Quantity $5.45 $5.42 300 $5.47 250 $5.40 450 $5.52 1,500 $5.38...

Say the limit order book for a stock currently looks like this: Problem 4: Executing orders Say the limit order book for a stock currently looks like this: Offers Price Quantity $5.57 100 $5.58 250...

Problem 8 (8 points) Say the lit order book for a stock currently looks like this: Offers Bids Price Quantity Price Quantity $5.57 1000$5.52 550 $5.58 250S5.49 750 5.62 1,500 S5.47 ,750 (a) If you...

Compare and contrast the exercise procedure for stock options with that for index options. What major advantages does exercising an index option have over exercising a stock option?( refer attached...

uantitative Analysis BA 452 Homework 3 Questions Homework 3 covers the theory and applications in Lessons I-6 and I-7. This document has four parts: Objectives of doing your homework. Assignment of...

Executive Memorandum (EM) Guidelines Prepare an executive summary of the papers that is only one page long.The assignment should be typed in Word, font size 11 double spaced, with minimum margins of...

Read the Southwest ApplianceInherent Risk andControlDesign I uploadedthat describesTask 3 beginning on page 20. You will also need to refer back to the case description to perform the assigned task....

Southwest Appliances Inc. WP B.2.1 Inherent Risk and Materiality Memo Initials Date Prepared Reviewed Preliminary Inherent Risk Assessment Management policy of maintaining large inventory to meet...

Report Format: Your report should include: II. Executive Summary (1 page in length). The Executive Summary is a concise overview of the report. The Case Study Report should be written from the...

Divide using the long division. 51 six 404131 six 12three 200101 three 12 four 11022 four 30 five 4023102 five

The Love Company has provided the following information: Income tax rate 30% Selling price per unit $6.60 Variable cost per unit $5.28 Total fixed costs $46,200.00 Required: A) Compute the break-even...

why would I want to invest in caps theyhave a gistorically low return and high risk

SIMAD UNIVERSITY Class: BACC25 Subject: Islamic Accounting Instructions: a) Follow The Instructions. Midterm Exam Instructor: All Ibrahim Date: 6-4-2022 b) You Have 1.5 Hrs. To Complete This Test. c)...

1-9 In this project, you will start out with raw transactional sales data and use Microsoft Access database software to develop queries and reports that help managers make better decisions about...

1-11 In MyMISLab, you will find a Collaboration and Teamwork Project dealing with the concepts in this chapter. You will be able to use Google Drive, Google Docs, Google Sites, Google+, or other...

1-12 What kinds of applications are described in this case? What business functions do they support? Mashaweer is the first personal service company in Egypt. Its purely dedicated to saving its...