Here is a small part of the order book for Mesquite Foods: Bid Price Size 100 200 Size Price $ 103.50 $ 103 200 $ 102.50 $103.80 200 $ 101 400 $ 104 300 $ 99.80 300 $ 104.50 400 a. Georgina Sloberg submits a market order to sell 100 shares. What price will she receive? Ask Answer is complete and correct. Price $ 103 b. Norman Pilbarra submits a market order to buy 400 shares. What is the maximum price that he will pay? Note: Round your answer to 2 decimal places. Answer is complete but not entirely correct. Maximum price $101.000 c. Carlos Ramirez submits a limit bid order at 105. Will it execute immediately? Yes No
Here is a small part of the order book for Mesquite Foods: Bid Price Size 100 200 Size Price $ 103.50 $ 103 200 $ 102.50 $103.80 200 $ 101 400 $ 104 300 $ 99.80 300 $ 104.50 400 a. Georgina Sloberg submits a market order to sell 100 shares. What price will she receive? Ask Answer is complete and correct. Price $ 103 b. Norman Pilbarra submits a market order to buy 400 shares. What is the maximum price that he will pay? Note: Round your answer to 2 decimal places. Answer is complete but not entirely correct. Maximum price $101.000 c. Carlos Ramirez submits a limit bid order at 105. Will it execute immediately? Yes No
PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN:9781337117005
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter11: Investment Planning
Section: Chapter Questions
Problem 4FPE
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