Answer the following question using this order book: Order Book Example Buy Orders (Bids) Amount 63 36 112 3 $0.28 $0.29 $0.17 Price $42.15 $42.12 $41.99 $41.88 What is the spread for this security after an investor submits a sell order for 185 shares at $41.87? $0.01 Sell Orders (Asks) Amount 3 68 113 9 Price $42.16 $42.22 $42.25 $42.44

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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14
Answer the following question using this order book:
Order Book Example
Buy Orders (Bids)
Amount
63
36
112
3
$0.28
$0.29
$0.17
What is the spread for this security after an investor submits a sell order for 185 shares at $41.87?
$0.01
Price
$42.15
$42.12
$41.99
$41.88
T
Sell Orders (Asks)
Amount
3
68
113
9
Price
$42.16
$42.22
$42.25
$42.44
Transcribed Image Text:14 Answer the following question using this order book: Order Book Example Buy Orders (Bids) Amount 63 36 112 3 $0.28 $0.29 $0.17 What is the spread for this security after an investor submits a sell order for 185 shares at $41.87? $0.01 Price $42.15 $42.12 $41.99 $41.88 T Sell Orders (Asks) Amount 3 68 113 9 Price $42.16 $42.22 $42.25 $42.44
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