dvu Problem 3-17 (Algo)Consider the following limit order book for FinTrade stock. The last trade in the stock occurred at a price of $75.Limit Buy OrdersShares500Price$ 74.7574.7074.6574.6073.65Best price800500200600Limit Sell OrdersShares100100100100Next best pricePrice$ 74.80Required:a. If a market buy order for 100 shares comes in, at what price will it be filled? (Round your answer to 2 decimal places.)74.8574.9074.95b. At what price would the following market buy order be filled? (Round your answer to 2 decimal places.).

Stocks are bought in the share market and there are strategies through which a loss can be minimized…

Answered: Required: a. If a market buy order for…

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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Consider the following limit order book for FinTrade stock. The last trade in the stock occurred at a price of $50. Limit Buy Orders Limit Sell Orders Price Shares Price Shares $ 49.75 500 $ 49.80 100 49.70 900 49.85 100 49.65 700 49.90 300 49.60 400 49.95 100 48.65 600 Required:a. If a market buy order for 100 shares comes in, at what price will it be filled? (Round your answer to 2 decimal places.) b. At what price would the following market buy order be filled? (Round your answer to 2 decimal places.) c. If you were a security dealer, would you want to increase or decrease your inventory of this stock?
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