Quickbooks Online Accounting
3rd Edition
ISBN: 9780357391693
Author: Owen
Publisher: Cengage
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Question
Go to the slide "Limit Order Book: illiquid stock" showing a screenshot of the limit order book for Nathans Famous Inc.
Suppose you send a buy market order for 50 shares. What is the average price per share that you pay? Answer with 2 decimals (no $ sign needed), i.e., 12.34
average price per share =$ __
What if instead you send a buy market order for 250 shares?
What is the average price per share that you pay? Answer with 2 decimals (no $ sign needed), i.e., 12.34
average price per share =$ __
Transcribed Image Text:BIDS
ASKS
Limit Order Book: illiquid stock
NATHANS FAMOUS INC NEW COM
Shares
TOP OF BOOK
Price
100
75.86
200
75.85
100
75.13
100
73.37
100
73.14
100
68.86
100
68.46
100
67.20
300
66.50
100
65.80
SAVE
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