Question: this is the question in full, there is no additional information available. can someone explain this step by step please? Thank you! Consider the following
this is the question in full, there is no additional information available.
can someone explain this step by step please? Thank you!
Consider the following limit order book for FinTrade stock. The last trade in the stock occurred at a price of $
a If a market sell order for shares comes in will it be filled immediately? At what price will it be filled? If not, please describe the situation and explain why. Round your answer to decimal places.
b If a limit sell order for shares at the price of comes in will it be filled immediately? At what price will it be filled? If not, please describe the situation and explain why. Round your answer to decimal places.
c Based on the current order book structure, Bill expects the stock price will go down. Is it a reasonable expectation? Explain why.
d Suppose a moderate volume of market buy order or a market sell order having the same size comes in which one do you think will cause a larger stock price change? Explain why.
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