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 $58.34.

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 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 $58.34.

Explanation / Answer

If placed a Buy order for 200 shares, it will be executed at 58.36 , which is the current selling rate .

If placed a sell order for 200 shares, it will be exexuted at 58.33 ,which is the current buying rate

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