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 $32.09.

If you place a market buy order for 100 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 200 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 $32.09.

Explanation / Answer

a. the order will execute at the price of $32.11 per share

b. 125 shares will trade at $32.04 and the remaining 75 trade at $32.06

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