The following limit order book was observed for Tesco PLC: Bid quantity Bid Price Ask Price Ask Quantity 4,000 11.58 11.65 14,000 21,000 11.57 11.67 13,000 5,000 11.54 11.67 4,000 9,000 11.54 11.69 22,000 11,000 11.52 11.72 14,000 a.An investor wanted to well $28,000 shares in Tesco through in a market order.Will this order be excluded immediately?If so,what average price would be realised from the trade? b.Another investor wanted to sell 8,000 shares in Tesco through a limit order at $11.67.Will this order be excuted immediately?If so,what price would be realised from this trade? c.An investor wantd to buy 18,000 shares in Tesco through a limit order at $11.66.Will this order be excuted immediately?If so,what price would be realised from this trade?
The following limit order book was observed for Tesco PLC: Bid quantity Bid Price Ask Price Ask Quantity 4,000 11.58 11.65 14,000 21,000 11.57 11.67 13,000 5,000 11.54 11.67 4,000 9,000 11.54 11.69 22,000 11,000 11.52 11.72 14,000 a.An investor wanted to well $28,000 shares in Tesco through in a market order.Will this order be excluded immediately?If so,what average price would be realised from the trade? b.Another investor wanted to sell 8,000 shares in Tesco through a limit order at $11.67.Will this order be excuted immediately?If so,what price would be realised from this trade? c.An investor wantd to buy 18,000 shares in Tesco through a limit order at $11.66.Will this order be excuted immediately?If so,what price would be realised from this trade?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The following limit order book was observed for Tesco PLC:
| Bid quantity | Bid Price | Ask Price | Ask Quantity |
| 4,000 | 11.58 | 11.65 | 14,000 |
| 21,000 | 11.57 | 11.67 | 13,000 |
| 5,000 | 11.54 | 11.67 | 4,000 |
| 9,000 | 11.54 |
11.69 |
22,000 |
| 11,000 | 11.52 | 11.72 | 14,000 |
a.An investor wanted to well $28,000 shares in Tesco through in a market order.Will this order be excluded immediately?If so,what average price would be realised from the trade?
b.Another investor wanted to sell 8,000 shares in Tesco through a limit order at $11.67.Will this order be excuted immediately?If so,what price would be realised from this trade?
c.An investor wantd to buy 18,000 shares in Tesco through a limit order at $11.66.Will this order be excuted immediately?If so,what price would be realised from this trade?
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