Description of this paper

Consider the following limit-order book of a specialist.

Description

solution


Question

Consider the following limit-order book of a specialist. The last trade in the stock;occurred at a price of $50.;a.;filled?;If a market buy order for 100 shares comes in, at what price will it be;b.;At what price would the next market buy order be filled?;c. If you were the specialist, would you want to increase or decrease your inventory;of this stock?;(BODIE, Zvi. Investments, 8th Edition. Irwin/McGraw-Hill, 062008. 11.9.3).;(BODIE, Zvi. Investments, 8th Edition. Irwin/McGraw-Hill, 062008.).

 

Paper#31778 | Written in 18-Jul-2015

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