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Book on a particular stock

Problem: You find the following order book on a particular stock. The last trade pn the stock was at $70.54

BUY ORDERS SELL ORDERS

Shares Price Shares Price
250 $70.53 100 $70.56
100 $70.52 400 $70.57
900 $70.51 1000 $70.59
75 $70.49 700 $70.60
900 $70.61

A. If you place a market buy order for 100 shares at what price will it be filled?

B. If you place a market sell order for 100 shares at what price will it be filled?

C. Suppose you place a market order to buy 400 shares. At what price will it be filled?

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Accounting Basics: Book on a particular stock

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Solution Preview :

Prepared by a verified Expert

Accounting Basics: Book on a particular stock

Reference No:- TGS01738336

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Solution Preview :

Prepared by a verified Expert

Accounting Basics: Book on a particular stock

Reference No:- TGS01738336

Recent Questions Asked Accounting Basics

Q : Journal entry to record the taxes

Q : Jurisdiction for a civil lawsuit

Q : Place of a job-costing system

Q : Total fixed costs using high-low method of cost estimation

Q : Book on a particular stock

Q : Increase-decrease the balance in the accounts

Q : Tax strategy problem

Q : Timely tax return preparation service

Q : Reconciliation of government wide-fund financial statements

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