3 3. (Limit-order book) Consider the following limit-order book for FinTrade stock. The last...
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3. (Limit-order book) Consider the following limit-order book for FinTrade stock. The last trade in the stock oc- curred at a price of $50. (a) If a market buy order for 100 shares is submitted now, at what price will it be filled? 1 Bid Price $49.75 $49.50 $49.25 $49.00 $48.50 Shares 500 800 500 Ask Price Shares $50.25 100 $51.50 100 $54.75 300 $58.25 100 200 600 (b) If a trader submits a market sell order for 2,500 shares, what is the average price at which his order is executed? (c) If a trader now submits a limit order to sell 200 shares of FinTrade at $55.00, how will this limit-order book change? Please draw a new table to show your answer. (Cynogtad nrino borf Mabool, TO the followinnogihlo roturno
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