You find the following order book on a particular stock. The last trade on the stock was at $66.76. Buy Orders Sell Orders Shares Price Shares Price 250 $66.75 250 $66.78 500 66.74 650 66.79 900 66.73 1,000 66.81 275 66.71 300 66.82 100 66.83 a. If you place a market buy order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places.) b. If you place a market sell order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places.) c. Suppose you place a market order to buy 500 shares. At what price will it be filled? Choose the appropriate answer. multiple choice 500 shares at $66.83 250 shares at $66.78 and 250 shares at $66.79 250 shares at $66.83 and 250 shares at $66.82 500 shares at $66.76
You find the following order book on a particular stock. The last trade on the stock was at $66.76. Buy Orders Sell Orders Shares Price Shares Price 250 $66.75 250 $66.78 500 66.74 650 66.79 900 66.73 1,000 66.81 275 66.71 300 66.82 100 66.83 a. If you place a market buy order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places.) b. If you place a market sell order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places.) c. Suppose you place a market order to buy 500 shares. At what price will it be filled? Choose the appropriate answer. multiple choice 500 shares at $66.83 250 shares at $66.78 and 250 shares at $66.79 250 shares at $66.83 and 250 shares at $66.82 500 shares at $66.76
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
Related questions
Question
100%
You find the following order book on a particular stock. The last trade on the stock was at $66.76.
| Buy Orders | Sell Orders | |||||
| Shares | Price | Shares | Price | |||
| 250 | $66.75 | 250 | $66.78 | |||
| 500 | 66.74 | 650 | 66.79 | |||
| 900 | 66.73 | 1,000 | 66.81 | |||
| 275 | 66.71 | 300 | 66.82 | |||
| 100 | 66.83 | |||||
a. If you place a market buy order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places.)
b. If you place a market sell order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places.)
c. Suppose you place a market order to buy 500 shares. At what price will it be filled? Choose the appropriate answer.
multiple choice
-
500 shares at $66.83
-
250 shares at $66.78 and 250 shares at $66.79
-
250 shares at $66.83 and 250 shares at $66.82
-
500 shares at $66.76
Expert Solution
Given,
| Buy Orders | Sell Orders | ||
| Shares | Price | Shares | Price |
| 250 | $ 66.75 | 250 | $ 66.78 |
| 500 | $ 66.74 | 650 | $ 66.79 |
| 900 | $ 66.73 | 1000 | $ 66.81 |
| 275 | $ 66.71 | 300 | $ 66.82 |
| 100 | $ 66.83 | ||
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