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Homework answers / question archive / Consider the following limit-order book for FinTrade stock
Consider the following limit-order book for FinTrade stock. The last trade in the stock oc- curred at a price of $50. Limit Buy orders Price Shares $49.75 500 $49.50 800 $49.25 500 $49.00 200 $48.50 600 Limit Sell orders Price Shares $50.25 100 $51.50 100 $54.75 300 $58.25 100 a. If a market buy order for 100 shares is submitted now, at what price will it be filled? b. If a trader submits a market sell order for 2,500 shares, what is the average price at which his order is executed? c. If a trader now submits a limit order to sell 200 shares of Fin Trade at $55.00, how will this limit-order book change? Please draw a new table to show your answer.
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