Here is a small part of the order book for Mesquite Foods:BidAskPriceSizePriceSize$ 102230$ 102.50460$ 101.50460$ 102.80460$ 100920$ 103820$ 98.80690$ 103.50790a. Georgina Sloberg submits a market order to sell 230 shares. What price will she receive?Priceb. Norman Pilbarra submits a market order to buy 920 shares. What is the maximum price that he will pay?Note: Round your answer to 2 decimal places.Maximum price

a. Georgina Sloberg submits a market order to sell 230 shares of Mesquite Foods. A market order to…

Answered: Here is a small part of the order book…

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter11: Investment Planning

Section: Chapter Questions

Problem 4FPE

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Here is a small part of the order book for Mesquite Foods: Bid Size 100 Price Size 200 $ 103 $ 102.50 200 $ 101 300 $ 99.80 400 a. Georgina Sloberg submits a market order to sell 100 shares. What price will she receive? 200 400 300 Ask Price $103 Price $ 103.50 $ 103.80 $ 104 $ 104.50 Answer is complete and correct. b. Norman Pilbarra submits a market order to buy 400 shares. What is the maximum price that he will pay? Note: Round your answer to 2 decimal places. Answer is complete but not entirely correct. Maximum price $ 101.00 c. Carlos Ramirez submits a limit bid order at 105. Will it execute immediately? Yes No
Here is a small part of the order book for Mesquite Foods: Price 97 96.5 95 93.8 Bid Price Size 180 360 720 540 Price 97.5 97.8 98 98.5 Maximum price Ask a. Georgina Sloberg submits a market order to sell 180 shares. What price will she receive? Size 360 360 620 640 b. Norman Pilbarra submits a market order to buy 640 shares. What is the maximum price that he will pay? (Round your answer to 2 decimal places.) c. Carlos Ramirez submits a limit bid order at 99. Will it execute immediately?
2
please, don't understand why part B isnt 92. And also c part Thanks!.
Here is a small part of the order book for Mesquite Foods: Bid Price Size 110 $ 90 $89.50 220 $ 88 440 $ 86.80 330 Price Ask Price $90.50 $90.80 Maximum price $91 $ 91.50 Size 220 220 a. Georgina Sloberg submits a market order to sell 110 shares. What price will she receive? 340 430 b. Norman Pilbarra submits a market order to buy 440 shares. What is the maximum price that he will pay? Note: Round your answer to 2 decimal places. c. Carlos Ramirez submits a limit bid order at 92. Will it execute immediately? Yes No
An individual investor has placed an order to buy 100 shares of common stock. She does not want to pay more than $25 per share. She should place this order as a: O A. Market Order O B. Limit Order O C. Take out order (pizza?) O D. None of the above
You would like to sell 220 shares of Echo Global Logistics, Inc. (ECHO). The current ask and bid quotes are $15.44 and $15.39, respectively. You place a limit sell order at $15.43.If the trade executes, how much money do you receive from the buyer?
You would like to sell 200 shares of Xenith Bankshares, Inc. (XBKS). The current ask and bid quotes are $4.66 and $4.62, respectively. You place a limit sell order at $4.65.If the trade executes, how much money do you receive from the buyer?
You would like to sell 260 shares of Xenith Bankshares, Inc. (XBKS). The current ask and bid quotes are $4.44 and $4.40, respectively. You place a limit sell order at $4.43. If the trade executes, how much money do you receive from the buyer? (Round your answer to 2 decimal places.)
I don’t understand
Knight Inventory Systems, Incorporated, has announced a rights offer. The company has announced that it will take three rights to buy a new share in the offering at a subscription price of $45. At the close of business the day before the ex-rights day, the company’s stock sells for $80 per share. The next morning, you notice that the stock sells for $60 per share and the rights sell for $2 each. a. What is the value of the stock ex-rights? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the value of a right? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. Are the rights underpriced or overpriced? d. What is the amount of immediate profit per share that you can make on ex-rights day per share? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
As part of the employment interview for an accounting job at Sound Design, you have been asked to answer the questions below, based on an invoice from one of Sound Design's vendors, Target Electronic Wholesalers. Invoice Stock # Description Unit Price Amount 4811V Stereo Receivers 50 ✕ $291.50 = _______________________ 511CX Blu-Ray Players 25 ✕ $139.28 = _______________________ 6146M Home Theater Systems 40 ✕ $659.12 = _______________________ 1031A LCD TVs 20 ✕ $598.00 = _______________________ Merchandise Total _______________________ Insurance + Shipping $1,250.00 Invoice Total _______________________ An invoice. The top of the invoice is divided into several distinct sections. The first section is located in the top left of the invoice, is unlabeled, and contains an image of a target with an arrow in the center of the target. The second section is located in the top center of the invoice, is unlabeled,…

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