Question: Problem 7-3 Stock Quotes (L01) Here is a small part of the order book for Mesquite Foods: Bid Price $ 102 $ 101.5 100 98.8

Problem 7-3 Stock Quotes (L01) Here is a small part of the order book for Mesquite Foods: Bid Price $ 102 $ 101.5 100 98.8 Size 230 460 920 690 Ask Price $ 102.5 $ 102.8 103 $ 103.5 Size 460 460 820 790 a. Georgina Sloberg submits a market order to sell 230 shares. What price will she receive? Price $ 23,460 b. Norman Pilbarra submits a market order to buy 920 shares. What is the maximum price that he will pay? (Round your answer to 2 decimal places.) Maximum price c. Carlos Ramirez submits a limit bid order at 104. Will it execute immediately? Yes O No

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