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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

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Status NEW Posted 01 Jun 2017 06:06 AM My Price 11.00

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