The market maker offers the following bidsand asks with respective depths:Price DepthBid 95Bid 98 600Bid 100Ask 101200Ask 10310001200700Ask 106 400If you submit a market sell order with 1,771shares, what's your weighted averageexecution price? Enter a number with twodecimal points.

Weighted Average Execution Price (WAEP) is used to calculate the average price at which a large…

Answered: The market maker offers the following…

The market maker offers the following bids and asks with respective depths: Price Depth Bid 95 Bid 98 Ask 101 200 Bid 100 1000 Ask 103 600 1200 700 Ask 106 400

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter7: Inventory Cost Flow Assumptions (fifolifo)

Section: Chapter Questions

Problem 5R: What changes would have taken place if Dels purchase prices had fallen rather than risen? To find...

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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

The market maker offers the following bids
and asks with respective depths:
Price Depth
Bid 95
Bid 98 600
Bid 100
Ask 101
200
Ask 103
1000
1200
700
Ask 106 400
If you submit a market sell order with 1,771
shares, what's your weighted average
execution price? Enter a number with two
decimal points.

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