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Here is a small part of the order book for Mesquite Foods: ...

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Question

Finance

Here is a small part of the order book for Mesquite Foods:

Bid Ask
Price Size Price Size
$ 97 180 $ 97.50 360
$ 96.50 360 $ 97.80 360
$ 95 720 $ 98 620
$ 93.80 540 $ 98.50

640

a. Georgina Sloberg submits a market order to sell 180 shares. What price will she receive?

97$

b. Norman Pilbarra submits a market order to buy 720 shares. What is the maximum price that he will pay?

Note: Round your answer to 2 decimal places.

Please answer b, a is already answered

Answer & Explanation Solved by verified expert
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