An order book displays the following information for stock ABC: Bid...
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Accounting
An order book displays the following information for stock ABC:
| Bid | Ask | ||
| Shares | Price | Price | Shares |
| 200 | 45.35 | 45.39 | 100 |
| 100 | 45.2 | 45.41 | 200 |
| 300 | 45.17 | 45.48 | 200 |
| 200 | 45.1 | 45.69 | 400 |
If you submit a market order to sell 100 shares, at what price will it be executed?
Answer should be formatted as a number with 2 decimal places (e.g. 99.99).
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