Question Completion Status: QUESTION 1 You observe the order book for TSLA, and

Question

Question Completion Status: QUESTION 1 You observe the order book for TSLA, and see the following orders around the spread: Bids (qty x price) Asks (qty x price) 200 × 260 300 x 259.5 100 x 258 300 x 257 100 x 261 200 x 262 200 x 262.5 400 x 263 x256 300x26 You want to buy 1,000 (one thousand) shares of TSLA right now. How much in total will you have to pay? Ignore trading fees, assume order book does not change while your order is routed to the exchange. Click Save and Submit to save and submit. Click Save All Answers to save all answers F5 ! F7 F8

Explanation / Answer

Ask price is the price one has to pay if he or she wants to buy share immediately:

.

Total amount to be paid:

Payment amount = 100 x 261 + 200 x 262 + 200 x 262.5 + 400 x 263 + 100 x 264

Payment amount = $262,600

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