sjackson8760 sjackson8760

24-06-2021
Business

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Here is a small part of the order book for Mesquite Foods:Bid AskPrice Size Price Size$ 107 270 $ 107.5 540$ 106.5 540 $ 107.8 540$ 105 1,080 $ 108 980$ 103.8 810 $ 108.5 910a. Georgina Sloberg submits a market order to sell 270 shares. What price will she receive

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topeadeniran2 topeadeniran2

27-06-2021

Answer: $107

Explanation:

This is a rather straightforward question and in such case, the answer to the question is quite easy.

Since Georgina Sloberg submits a market order to sell 270 shares, the price that she will receive is $107. Looking at the order book provided, when the size is 270, the price allocated is $107.

Therefore, the price that Georgina Sloberg will receive is $107.

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