Homework Helper

Not Rated (0)

$17/per page/

About Homework Helper

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Art & Design,Chemistry,Economics,Essay writing Hide all
Teaching Since: Apr 2017
Last Sign in: 451 Weeks Ago, 5 Days Ago
Questions Answered: 3232
Tutorials Posted: 3232

Education

  • MBA,MCS,M.phil
    Devry University
    Jan-2008 - Jan-2011

  • MBA,MCS,M.Phil
    Devry University
    Feb-2000 - Jan-2004

Experience

  • Regional Manager
    Abercrombie & Fitch.
    Mar-2005 - Nov-2010

  • Regional Manager
    Abercrombie & Fitch.
    Jan-2005 - Jan-2008

Category > Business & Finance Posted 01 Jun 2017 My Price 11.00

The following order book exists for a particular stock. The last trade on the stock was at $22.14.

The following order book exists for a particular stock. The last trade on the stock was at $22.14.
Buy Orders   Sell Orders
             
Shares   Price   Shares   Price
250      $22.13   200    $ 22.16  
450      22.12   550      22.17
900      22.11   1,000      22.19
250      22.09   250      22.20
        200      22.21
 
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 100 shares, at what price will it 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.
 
  200 shares at $22.21 and 300 shares at $22.20
  200 shares at $22.16 and 300 shares at $22.17
  500 shares at $22.14
  500 shares at $22.21

Answers

Homework Helper
Not Rated (0)
Status NEW Posted 01 Jun 2017 06:06 AM My Price 11.00

Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k Y-----------ou -----------for----------- us-----------ing----------- ou-----------r w-----------ebs-----------ite----------- an-----------d a-----------cqu-----------isi-----------tio-----------n o-----------f m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l

Not Rated(0)