(A)
Adequate information
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 |
To determine:
The price at which the 100 shares of market buy order can be filled
Introduction:
Market order refers to the instruction provided by the investor to its broker to purchase or sell a particular stock at the price currently prevailing in the market. Market order can only be accepted by the broker when trading underlying a specific stock is active or during the market hours.
(B)
To determine:
The price at which the 100 shares of next market buy order can be filled
Introduction:
Market order refers to the instruction provided by the investor to its broker to purchase or sell a particular stock at the price currently prevailing in the market. Market order can only be accepted by the broker when trading underlying a specific stock is active or during the market hours.
(C)
To determine:
Whether the security dealer should be decrease or increase the inventory through the stock
Introduction:
Limit order refers to the instruction provided by an investor to a broker that includes a particular price at which the investor wants to purchase or sell a specific stock. Limit order enables the investor to select minimum price for the sell orders and maximum price for the buy order.

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Chapter 3 Solutions
ESS. OF INVESTMENTS - ETEXT ACCESS CARD
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