BIDS ASKS Limit Order Book: illiquid stock NATHANS FAMOUS INC NEW COM Shares TOP OF BOOK Price 100 75.86 200 75.85 100 75.13 100 73.37 100 73.14 100 68.86 100 68.46 100 67.20 300 66.50 100 65.80

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 2.8C
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Question

Go to the slide "Limit Order Book: illiquid stock" showing a screenshot of the limit order book for Nathans Famous Inc.

Suppose you send a buy market order for 50 shares. What is the average price per share that you pay? Answer with 2 decimals (no $ sign needed), i.e., 12.34 

average price per share  =$ __

What if instead you send a buy market order for 250 shares? 

What is the average price per share that you pay? Answer with 2 decimals (no $ sign needed), i.e., 12.34 

average price per share  =$ __

BIDS
ASKS
Limit Order Book: illiquid stock
NATHANS FAMOUS INC NEW COM
Shares
TOP OF BOOK
Price
100
75.86
200
75.85
100
75.13
100
73.37
100
73.14
100
68.86
100
68.46
100
67.20
300
66.50
100
65.80
Transcribed Image Text:BIDS ASKS Limit Order Book: illiquid stock NATHANS FAMOUS INC NEW COM Shares TOP OF BOOK Price 100 75.86 200 75.85 100 75.13 100 73.37 100 73.14 100 68.86 100 68.46 100 67.20 300 66.50 100 65.80
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