Here is a small part of the order book for Mesquite Foods: Bid Size 240 Ask Price Size Price $ 184.5 $ 104.8 %24 104 $ 103.5 102 $ 100.8 480 488 860 480 960 720 105 $ 105.5 820 a. Georgina Sloberg submits a market order to sell 240 shares. What price will she receive? Price b. Norman Pilbarra submits a market order to buy 960 shares. What is the maximum price that he will pay? (Round your answer to 2 decimal places.) Maximum price
Here is a small part of the order book for Mesquite Foods: Bid Size 240 Ask Price Size Price $ 184.5 $ 104.8 %24 104 $ 103.5 102 $ 100.8 480 488 860 480 960 720 105 $ 105.5 820 a. Georgina Sloberg submits a market order to sell 240 shares. What price will she receive? Price b. Norman Pilbarra submits a market order to buy 960 shares. What is the maximum price that he will pay? (Round your answer to 2 decimal places.) Maximum price
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
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