Consider the following limit order book for FinTrade stock. The last trade in the stock occurred at a price of $50. Limit Buy Orders Limit Sell Orders Price Shares Price Shares $49.75 500 $ 49.80 100 49.70 900 49.85 100 49.65 700 49.90 300 49.60 400 49.95 100 48.65 600 a. If a market buy order for 100 shares comes in, at what price will it be filled? b. At what price would the next market buy order be filled? c. If you were a security dealer, would you want to increase or decrease your inventory of this stock?

Consider the following limit order book for FinTrade stock. The last trade in the stock occurred at a price of $50. Limit Buy Orders Limit Sell Orders Price Shares Price Shares $49.75 500 $ 49.80 100 49.70 900 49.85 100 49.65 700 49.90 300 49.60 400 49.95 100 48.65 600 a. If a market buy order for 100 shares comes in, at what price will it be filled? b. At what price would the next market buy order be filled? c. If you were a security dealer, would you want to increase or decrease your inventory of this stock?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

Consider the following limit order book for FinTrade stock. The last trade in the stock occurred at a price of $50. Limit Buy Orders Limit Sell Orders Price Shares Price Shares $ 49.75 500 $ 49.80 100 49.70 900 49.85 100 49.65 700 49.90 300 49.60 400 49.95 100 48.65 600 Required:a. If a market buy order for 100 shares comes in, at what price will it be filled? (Round your answer to 2 decimal places.) b. At what price would the following market buy order be filled? (Round your answer to 2 decimal places.) c. If you were a security dealer, would you want to increase or decrease your inventory of this stock?
You find the following order book on a particular stock. The last trade on the stock was at $66.76. Buy Orders Sell Orders Shares Price Shares Price 250 $66.75 250 $66.78 500 66.74 650 66.79 900 66.73 1,000 66.81 275 66.71 300 66.82 100 66.83 a. If you place a market buy order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places.) b. If you place a market sell order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places.) c. Suppose you place a market order to buy 500 shares. At what price will it be filled? Choose the appropriate answer. multiple choice 500 shares at $66.83 250 shares at $66.78 and 250 shares at $66.79 250 shares at $66.83 and 250 shares at $66.82 500 shares at $66.76
The following order book exists for a particular stock. The last trade on the stock was at $75.52. Buy Orders Shares 250 600 900 75 Share price Price $75.51 75.50 75.49 75.47 Sell Orders Share price Shares 200 500 1,000 400 750 a. If you place a market buy order for 100 shares, at what price will it be filled? (Round your answer to 2 decimal places.) Price $75.54 75.55 75.57 75.58 75.59 b. If you place a market sell order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places.)
In a dealer's market, the bid and ask price of a stock is $31.06 and $31.33, respectively. You sell 100 shares and pay a flat fee of $5 to your broker. Your selling price and the total transaction cost are: A. $31.06, $13.5 B. $31.33, $18.5 C. $31.33, $13.5 D. $31.06, $18.5
A stock is currently selling for $60 a share. What is the percentage gain or loss on the followingtransactions? Identify if it is a gain or loss.a. You take a long position and the stock’s price declines to $50. b. You sell the stock short and the price increases to $70.
The table below describes the price per share (P) and the number of shares outstanding (Q) at time = 0 and then again at time = 1. The subscripts indicate which time (t = 0 or 1) that the information applies to. Stock A Stock B Po 90 50 Qo 100 200 P₁ 95 45 Q₁ 100 200 (A) What is the "market cap" for Stock A at time 0? 9000 (B) Assume you have an index that includes only these 2 stocks. What is the value-weighted rate of return for the index from time O to time 1? Choose the answer closest to the correct number. -0.026 (C) Assume someone asked you calculate the equal-weighted return for a portfolio that included these 2 stocks. What is the equal-weighted return from time 0 to time 1? 0.055
Suppose that the last sale of Company X stock was at a price of $50. Further suppose that an investor wishes to place a market order to purchase 25,000 shares of Company X stock. What is the volume weighted average price that the investor will trade at in each of the market? What if the investor purchase 120,000 shares instead 25,000? Market Depth - Market A vs B Market AMarket B#SharesOffer ($)#SharesOffer ($)30,00050.0010,00050.0040,00050.0210,00050.0110,00050.0570,00050.0320,00050.0680,00050.0430,00050.0760,00050.0510,00050.0940,00050.05
Consider the stock table below a. What is the current price of the stock? b. What are shareholders trying to sell it currently asking for? Facebook, Inc. (FB) - NasdaqGS 87.29 10.89(1.01%) 1:29 EDT - Nasdaq Real Time Price Prev Close: 88.18Day's Range: 86.72 - 87.81 Open: 87.1752wk Range: 70.34 - 99.26 Bid 87.08 x 400Volume: 16,715,420 Ask: 87.09 x 300Avg Vol (3m): 31,684,600 1y Target Est: 116.99Market Cap: 245.95B Beta: 0.89877P/E (ttm): 91.52 Oct26-Oct30, Earnings Date: EPS (ttm): (Est.) 0.95 Div & Yield N/A (N/A) O a. $87.29; b. $87.08 a. $87.29; b. $87.09 a. $87.17; b. $87.09 a. $87.17; b. $87.08
Consider the following table, which is the ECN book for Intertech Company's stock. Entry Number Bid or Ask? Bid Bid Bid Bid Ask Ask Ask Ask 5 ECN Book for Intertech Company Shares 1,000 400 6 7 1 2 3 4 5 8 6 7 8 700 Suppose a new limit order is placed to purchase as many shares as possible at a price of no more than $40.42. A total of be purchased. 300 400 200 100 Which entries will be removed from the ECN after the transaction is complete? Check all that apply. 900 Price $40.06 $40.13 $40.22 $40.31 $40.42 $40.53 $40.63 $40.75 shares will
What about for these? (b) Suppose you have purchased some GameStop shares on margin at $5per share. You ask your broker to put in a limit sell order at $7, anda stop loss order at $4.50.i. What will happen if the stock price falls to $4.50?ii. What will happen if the stock price rises to $7?iii. Now suppose you had instead short-sold your GameStop shares(as in the first part of the question). What instructions mightyou give to your broker to minimise your losses and lock in yourgains?
Look at the illustrative new-issue prospectus. a. Is this issue a primary offering, a secondary offering, or both?b. What are the direct costs of the issue as a percentage of the total proceeds? c. Are these direct costs more than the average for an issue of this size?d. Suppose that on the first day of trading the price of Hotch Pot stock is $15 a share. What are the total costs of the issue as a percentage of the market price? e. After paying her share of the expenses, how much will the firm’s president, Emma Lucullus, receive from the sale? f. What will be the value of the shares that Emma Lucullus retains in the company? I am not sure how to attacah the Prospectus beacuse how large the appendix is. I've included what I can below, please let me know if further information is needed. I have the answers for A and C but am stuck on the rest. Prospectus800,000 SharesHotch Pot Inc.Common Stock ($.01 par value)Of the 800,000 shares of Common Stock offered hereby, 500,000 shares are…
A stock is currently selling for $30.00 a share. What is the gain or loss on the following transactions? Use a minus sign to enter the amount as a negative value. Round your answers to the nearest cent. You take a long position and the stock’s price declines to $16.85. $ You sell the stock short and the price declines to $16.85. $ You take a long position and the price rises to $43.65. $ You sell the stock short and the price rises to $43.65.

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS