The following order book exists for a particular stock. The last trade on the stock was at $58.34. Buy Orders Sell Orders Shares

Question

4 years ago

10

The following order book exists for a particular stock. The last trade on the stock was at $58.34. Buy Orders Sell Orders Shares

Price Shares Price 250 $58.33 250 $58.36 200 58.32 800 58.37 900 58.31 1,000 58.39 175 58.29 600 58.40 350 58.41 a. If you place a market buy order for 200 shares, at what price will it be filled?

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1 answer:

Molodets [167] · Answer 1 · 2021-12-23T01:31:26+03:00

Molodets [167]4 years ago

8 0

a) Price of a buy order of 200 shares is $58.36.Because there was an offer of sale that is 250 shares at $58.36 per share, so the price would remain constant at 200 Shares.