Suppose the current state of the limit order book is as follows. Price $32 $31 $29 $28 Shares 20 10 5 15 Type Ask (limit sell) Ask (limit sell) Bid (limit buy) Bid (limit buy)

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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11. Suppose the current state of the limit order book is as follows.
Price
$32
$31
$29
$28
Shares
20
10
5
15
Type
Ask (limit sell)
Ask (limit sell)
Bid (limit buy)
Bid (limit buy)
Transcribed Image Text:11. Suppose the current state of the limit order book is as follows. Price $32 $31 $29 $28 Shares 20 10 5 15 Type Ask (limit sell) Ask (limit sell) Bid (limit buy) Bid (limit buy)
(b)
Suppose you want to submit a market order to sell shares. Suppose
you require that the weighted-average per-share price you pay cannot be lower
than $28.5. What is the maximum number of shares you can sell?
Transcribed Image Text:(b) Suppose you want to submit a market order to sell shares. Suppose you require that the weighted-average per-share price you pay cannot be lower than $28.5. What is the maximum number of shares you can sell?
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