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You find the following order book on a particular stock. The last trade on the stock was at $70.54. a.

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You find the following order book on a particular stock. The last trade on the stock was at $70.54.

You find the following order book on a particular stock.

a. If you place a market buy order for 100 shares, at what price will it be filled?
b. If you place a market sell order for 100 shares, at what price will it be filled?
c. Suppose you place a market order to buy 400 shares. At what price will it befilled?

Transcribed Image Text:

Buy Ordens Sell Orders Shares Price 250 $70.53 70.52 70.51 70.49 Shares Price 100 $70.56 400 70.57 1,000 70.59 700 70.60 900 70.61 1 100

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Fundamentals of Investments Valuation and Management

Fundamentals of Investments Valuation and Management

ISBN: 978-0077283292

5th edition

Authors: Bradford D. Jordan, Thomas W. Miller

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Question Posted: September 19, 2012 04:35:34
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