The following limit order book was observed for Tesco PLC: Bid quantity Bid Price Ask Price Ask Quantity 4,000 11.58 11.65 14,000 21,000 11.57 11.67 13,000 5,000 11.54 11.67 4,000 9,000 11.54 11.69 22,000 11,000 11.52 11.72 14,000 a.An investor wanted to well $28,000 shares in Tesco through in a market order.Will this order be excluded immediately?If so,what average price would be realised from the trade? b.Another investor wanted to sell 8,000 shares in Tesco through a limit order at $11.67.Will this order be excuted immediately?If so,what price would be realised from this trade? c.An investor wantd to buy 18,000 shares in Tesco through a limit order at $11.66.Will this order be excuted immediately?If so,what price would be realised from this trade?
The following limit order book was observed for Tesco PLC: Bid quantity Bid Price Ask Price Ask Quantity 4,000 11.58 11.65 14,000 21,000 11.57 11.67 13,000 5,000 11.54 11.67 4,000 9,000 11.54 11.69 22,000 11,000 11.52 11.72 14,000 a.An investor wanted to well $28,000 shares in Tesco through in a market order.Will this order be excluded immediately?If so,what average price would be realised from the trade? b.Another investor wanted to sell 8,000 shares in Tesco through a limit order at $11.67.Will this order be excuted immediately?If so,what price would be realised from this trade? c.An investor wantd to buy 18,000 shares in Tesco through a limit order at $11.66.Will this order be excuted immediately?If so,what price would be realised from this trade?
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter14: Distributions To Shareholders:dividends And Share Repurchases
Section: Chapter Questions
Problem 3TCL
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The following limit order book was observed for Tesco PLC:
| Bid quantity | Bid Price | Ask Price | Ask Quantity |
| 4,000 | 11.58 | 11.65 | 14,000 |
| 21,000 | 11.57 | 11.67 | 13,000 |
| 5,000 | 11.54 | 11.67 | 4,000 |
| 9,000 | 11.54 |
11.69 |
22,000 |
| 11,000 | 11.52 | 11.72 | 14,000 |
a.An investor wanted to well $28,000 shares in Tesco through in a market order.Will this order be excluded immediately?If so,what average price would be realised from the trade?
b.Another investor wanted to sell 8,000 shares in Tesco through a limit order at $11.67.Will this order be excuted immediately?If so,what price would be realised from this trade?
c.An investor wantd to buy 18,000 shares in Tesco through a limit order at $11.66.Will this order be excuted immediately?If so,what price would be realised from this trade?
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