Here is a small part of the order book for Mesquite Foods: Bid Ask Price Size Price Size $ 98 190 $ 98.50 380 $ 97.50 380 $ 98.80 380 $ 96 760 $ 99 660 $ 94.80 570 $ 99.50 670 a. Georgina Sloberg submits a market order to sell 190 shares. What price will she receive? Price $ Answer is complete and correct. 98 b. Norman Pilbarra submits a market order to buy 760 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 $ 98.00
Here is a small part of the order book for Mesquite Foods: Bid Ask Price Size Price Size $ 98 190 $ 98.50 380 $ 97.50 380 $ 98.80 380 $ 96 760 $ 99 660 $ 94.80 570 $ 99.50 670 a. Georgina Sloberg submits a market order to sell 190 shares. What price will she receive? Price $ Answer is complete and correct. 98 b. Norman Pilbarra submits a market order to buy 760 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 $ 98.00
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
Related questions
Question
![Here is a small part of the order book for Mesquite Foods:
Bid
Ask
Price
Size
Price
Size
$ 98
190
$ 98.50
380
$ 97.50
380
$ 98.80
380
$ 96
760
$ 99
660
$ 94.80
570
$ 99.50
670
a. Georgina Sloberg submits a market order to sell 190 shares. What price will she receive?
Price
$
Answer is complete and correct.
98
b. Norman Pilbarra submits a market order to buy 760 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
$
98.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F067ad3c8-9302-46b1-a642-40532bdc99e2%2F024d13d5-ae65-4047-8389-86e35567e6f0%2Fcljd607_processed.png&w=3840&q=75)
Transcribed Image Text:Here is a small part of the order book for Mesquite Foods:
Bid
Ask
Price
Size
Price
Size
$ 98
190
$ 98.50
380
$ 97.50
380
$ 98.80
380
$ 96
760
$ 99
660
$ 94.80
570
$ 99.50
670
a. Georgina Sloberg submits a market order to sell 190 shares. What price will she receive?
Price
$
Answer is complete and correct.
98
b. Norman Pilbarra submits a market order to buy 760 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
$
98.00
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