Consider the limit-order book depicted in the Table below. The last trade in the stock...
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Consider the limit-order book depicted in the Table below. The last trade in the stock took place at a price of $50. Note: the questions are related (e.g. a transaction that is done in part A is carried to the other parts of the question)
| Limit-Buy Price($) | Order Shares | Limit-Sell Price($) | Order Shares |
| 49.75 | 500 | 50.25 | 100 |
| 49.5 | 800 | 51.5 | 100 |
| 49.25 | 500 | 54.75 | 300 |
| 49 | 200 | 58.25 | 100 |
| 48.5 | 600 |
- A market-buy order for 100 shares comes in, at what price will it be filled?
- At what price would the next market-buy order be filled (no transaction, just a question)?
- Suppose that Phillippe sells 1500 shares at the market. What is his volume weighted average price?
- Robert F. submits a limit order to sell 100 shares at 50 dollars? At what price will his order be executed? Compute the new Bid-Ask Spread?
- You were the specialist, would you desire to increase or decrease your inventory of this stock?
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