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Homework answers / question archive / Problem 5-3 Order Books (LO2, CFA1) You find the following order book on a particular stock
Problem 5-3 Order Books (LO2, CFA1) You find the following order book on a particular stock. The last trade on the stock was at $70.54. Buy Orders Shares Price 250 $ 70.53 100 70.52 900 70.51 75 70.49 Sell Orders Shares Price 100 $ 70.56 600 70.57 1,000 70.59 700 70.60 900 70.61 a. If you place a market buy order for 100 shares, at what price will it be filled? (Round your answer to 2 decimal places.) Share price b. If you place a market sell order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places.) Share price
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