Question: Problem 5-3 The following order book exists for a particular stock. The last trade on the stock was at $27.09 Buy Orders Sell Orders Shares
Problem 5-3 The following order book exists for a particular stock. The last trade on the stock was at $27.09 Buy Orders Sell Orders Shares Price Shares Pri 250 200 900 125 $27.08 27.07 27.06 27.04 250 $27.11 500 27.12 1,000 27.14 800 27.15 700 27.16 a. If you place a market buy order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Share price b. If you place a market sell order for 200 shares, at what price will i be filled? Round your answer to 2 decimal places. Omit the "$" sign in your response.) Share price c. Suppose you place a market order to buy 500 shares. At what price will it be filled? Choose the appropriate answer. 500 shares at $27.16 500 shares at $27.09 250 shares at $27.16 and 250 shares at $27.15 250 shares at $27.11 and 250 shares at $27.12
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
