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 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 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 = $_
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
Section: Chapter Questions
Problem 1PS
Related questions
Question
help me with the problem and refer to the chart since the question relies on that
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
Transcribed Image Text: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 = $_
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education