The following order book exists for a particular stock. The last trade on the st

Question

The following order book exists for a particular stock. The last trade on the stock was at $22.14.

If you place a market buy order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

If you place a market sell order for 100 shares, at what price will it be filled? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

The following order book exists for a particular stock. The last trade on the stock was at $22.14.

Explanation / Answer

1. Buy order will be made at the least selling price i.e. $22.16

2. Sell order will be made at the best sellling price i.e. $22.13`

3. Since, minimum selling price are $22,16 and $22.17, my orders will be fulfilled at 200 shares at $22.16 and 300 shares at $22.17.

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