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What is the maximum price that he will pay

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Reference no: EM131991128

Here is a small part of the order book for mesquite Foods:

Bid: Price: 102, 101.5,100,98.8. Size: 230,460,920,690.

Ask: Price: 102.5, 102.8,103,103.5 Size: 460,460,820,790.

Georgina Solberg submits a market order to sell 230 shares. What price will she receive?

Price ……………

Norman Pilbara submits a market order to buy 790 shares. What is the maximum price that he will pay? (Round your answer to 2 decimal places.)

Maximum price …………

Carlos Ramirez submits a limit bid order at 104. Will it execute immediately? Yes, or no.

Reference no: EM131991128

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