consider the following limit order book of a specialist the last trade in the stock 551681
Consider the following limit-order book of a specialist. The last trade in the stock took place at a price of $50.
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consider the following limit order book of a specialist the last trade in the stock 551681
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Limit-Sell Orders |
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Price ($) |
Shares |
Price ($) |
Shares |
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49.75 |
500 |
50.25 |
100 |
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49.50 |
800 |
51.50 |
100 |
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49.25 |
500 |
54.75 |
300 |
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49.00 |
200 |
58.25 |
100 |
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48.50 |
600 |
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a. If a market-buy order for 100 shares comes in, at what price will it be filled?
b. At what price would the next market-buy order be filled?
c. If you were the specialist, would you desire to increase or decrease your inventory of this stock?
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