The market maker offers the following bids and asks with respective depths: Price Depth Bid 95 Bid 98 Ask 101 200 Bid 100 1000 Ask 103 600 1200 700 Ask 106 400

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
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The market maker offers the following bids
and asks with respective depths:
Price Depth
Bid 95
Bid 98 600
Bid 100
Ask 101
200
Ask 103
1000
1200
700
Ask 106 400
If you submit a market sell order with 1,771
shares, what's your weighted average
execution price? Enter a number with two
decimal points.
Transcribed Image Text:The market maker offers the following bids and asks with respective depths: Price Depth Bid 95 Bid 98 600 Bid 100 Ask 101 200 Ask 103 1000 1200 700 Ask 106 400 If you submit a market sell order with 1,771 shares, what's your weighted average execution price? Enter a number with two decimal points.
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