The table below shows the limit order book for Foghorn Enterprises. Limit Buy Orders Limit Sell...

 

Transcribed Image Text:

The table below shows the limit order book for Foghorn Enterprises. Limit Buy Orders Limit Sell Orders Price Shares Price Shares $92.05 100 $92.17 800 92.04 300 92.16 500 92.03 450 92.15 300 92.02 900 92.14 600 92.01 1,600 92.13 300 92.12 400 92.11 215 a. If you place a market order to buy 1,050 shares, in what sequence will you pay for the shares? (Round the price to 2 decimal places.Round number of shares to the nearest whole number.) Price Number of Shares $ $ $ $ b. What is the total cost of the purchase? (Round your answer to the nearest whole number.) The table below shows the limit order book for Foghorn Enterprises. Limit Buy Orders Limit Sell Orders Price Shares Price Shares $92.05 100 $92.17 800 92.04 300 92.16 500 92.03 450 92.15 300 92.02 900 92.14 600 92.01 1,600 92.13 300 92.12 400 92.11 215 a. If you place a market order to buy 1,050 shares, in what sequence will you pay for the shares? (Round the price to 2 decimal places.Round number of shares to the nearest whole number.) Price Number of Shares $ $ $ $ b. What is the total cost of the purchase? (Round your answer to the nearest whole number.)

Answer rating: 100% (QA)

a Price Number of shares ... View the full answer