Below is the current limit order book for Intel stock. Answer the following questions. Treat each...

Below is the current limit order book for Intel stock. Answer the following questions. Treat each question independently.

Bid		Ask
Price	Size	Price	Size
23.16	17200	23.17	10900
23.15	27800	23.18	31643
23.14	26000	23.19	29445
23.13	31100	23.2	27946
23.12	18900	23.21	14628
23.11	17925	23.22	19725
23.1	12250	23.23	14290
23.09	7800	23.24	11100
23.08	4900	23.25	40694

A. If you place a market order to buy 100 shares of Intel, at what price and quantity will your order be executed? (0.5 pts)

B. If you place a limit sell order for 17300 shares of Intel at the price of $23.15, at what price and quantity will your order be executed? (0.5 pts)

C. If you place a limit buy order for 20,000 shares of Intel at the price of $23.17, at what price and quantity will your order be executed? (0.5 pts)

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Expert Solution

jeff jeffy answered 2 years ago

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