Here is a small part of the order book for Mesquite Foods: Price Bid $ 105 $ 104.50 $ 103 $ 101.80 Size 250 500 1,000 750 Price $ Ask a. Georgina Sloberg submits a market order to sell 250 shares. What price will she receive? Price $ 105.50 $ 105.80 $ 106 $ 106.50 Maximum price Size 500 500 900 850 105 b. Norman Pilbarra submits a market order to buy 1,000 shares. What is the maximum price that he will pay? Note: Round your answer to 2 decimal places.
Here is a small part of the order book for Mesquite Foods: Price Bid $ 105 $ 104.50 $ 103 $ 101.80 Size 250 500 1,000 750 Price $ Ask a. Georgina Sloberg submits a market order to sell 250 shares. What price will she receive? Price $ 105.50 $ 105.80 $ 106 $ 106.50 Maximum price Size 500 500 900 850 105 b. Norman Pilbarra submits a market order to buy 1,000 shares. What is the maximum price that he will pay? Note: Round your answer to 2 decimal places.
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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Transcribed Image Text:Here is a small part of the order book for Mesquite Foods:
Bid
Price
$ 105
$ 104.50
$103
$ 101.80
Size
250
500
Price
1,000
750
$
Ask
a. Georgina Sloberg submits a market order to sell 250 shares. What price will she receive?
Price
$105.50
$105.80
$ 106
$ 106.50
Maximum price
Size
500
500
900
850
105
b. Norman Pilbarra submits a market order to buy 1,000 shares. What is the maximum price that he will pay?
Note: Round your answer to 2 decimal places.
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