The following order book exists for a particular stock. The last trade on the stock was...

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Finance

The following order book exists for a particular stock. The lasttrade on the stock was at $60.36.

Buy OrdersSell Orders
SharesPriceSharesPrice
250$60.35200$60.38
15060.3470060.39
90060.331,00060.41
15060.3155060.42
45060.43

a.  If you place a market buy orderfor 100 shares, at what price will it be filled? (Roundyour answer to 2 decimal places.)

                

b. If you place a market sell orderfor 100 shares, at what price will it be filled? (Roundyour answer to 2 decimal places.)

c. Suppose you place a market order tobuy 350 shares. At what price will it be filled? Choose theappropriate answer.

  • 200 shares at $60.43 and 150 shares at $60.42

  • 350 shares at $60.43

  • 350 shares at $60.36

  • 200 shares at $60.38 and 150 shares at $60.39

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The following order book exists for a particular stock. The lasttrade on the stock was at $60.36.Buy OrdersSell OrdersSharesPriceSharesPrice250$60.35200$60.3815060.3470060.3990060.331,00060.4115060.3155060.4245060.43a.  If you place a market buy orderfor 100 shares, at what price will it be filled? (Roundyour answer to 2 decimal places.)                b. If you place a market sell orderfor 100 shares, at what price will it be filled? (Roundyour answer to 2 decimal places.)c. Suppose you place a market order tobuy 350 shares. At what price will it be filled? Choose theappropriate answer.200 shares at $60.43 and 150 shares at $60.42350 shares at $60.43350 shares at $60.36200 shares at $60.38 and 150 shares at $60.39

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