Nathan has placed a limit-buy order on 100 shares of ABC at $10.00. The current bid-ask...
Nathan has placed a limit-buy order on 100 shares of ABC at $10.00. The current bid-ask prices are $10.00-10.01. Will Nathan’s order be filled at the current price?
A. Yes.
B. No.
Homework Answers
Currently, As the lowest price at which any seller is willing to sell shares of ABC is 10.01 , the order will not be filled at the current price
Answer is NO (B)
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Nathan has placed a limit-buy order on 100 shares of ABC at
$10.00. The current bid-ask...
The following orders exist for a particular stock: 1. Limit order: Buy 100 shares at 100.00...
The following orders exist for a particular stock: 1. Limit order: Buy 100 shares at 100.00 2. Limit order: Sell 100 shares at 102.00 3. Limit order: Buy 100 shares at 99.00 4. Sell stop order: Sell 100 shares at 97.50 on Stop The quoted price for the stock proceeds as follows: 101 at 102 101.50 at 102.50 100 at 101 99 at 100 98 at 99 96 at 97 For each order above:...
You submitted an order to buy the Southern Province Cement Co. security. The bid and ask...
You submitted an order to buy the Southern Province Cement Co. security. The bid and ask prices at the time of the order submission were $50 and $51. What should be the actual transaction price or result if (a) your order was a market order to buy (b) your order was a limit order to sell at $51? (c) Would you expect the bid-ask spread to be higher on actively or inactively traded stocks?
13. An exchange limit order book looks like this: Bid $98.50 $98.00 $97.50 If an investor...
13. An exchange limit order book looks like this: Bid $98.50 $98.00 $97.50 If an investor places a limit sell order for 50 shares at a price of $100, at what price will they be filled? a. $99.50 Size 100 50 100 Ask 599.50 $100.25 5100.75 100 150 50 b. $98.50 c. They will not be filled d. $100.00
magine that you have placed a limit order to buy 100 shares of Sallisaw Tool at...
magine that you have placed a limit order to buy 100 shares of Sallisaw Tool at a price of $39.00, although the stock is currently selling for $41.93. Discuss the consequences, if any, of each of the following situations. a. The stock price drops to $40.17 per share 2 months before cancellation of the limit order b. The stock price drops to $39.00 per share. c. The minimum stock price achieved before cancellation of the limit order was $39.64. When...
Imagine that you have placed a limit order to buy 100 shares of Sallisaw Tool at...
Imagine that you have placed a limit order to buy 100 shares of Sallisaw Tool at a price of $38.00, although the stock is currently selling for $39.92. Discuss the consequences, if any, of each of the following situations a. The stock price drops to $39.11 per share 2 months before cancellation of the limit order. b. The stock price drops to $38.00 per share. c. The minimum stock price achieved before cancellation of the limit order was $38.53. When...
magine that you have placed a limit order to buy 100 shares of Sallisaw Tool at...
magine that you have placed a limit order to buy 100 shares of Sallisaw Tool at a price of $38.00, although the stock is currently selling for $39.77. Discuss the consequences, if any, of each of the following situations. a. The stock price drops to $39.22 per share 2 months before cancellation of the limit order b. The stock price drops to S38.00 per share. c. The minimum stock price achieved before cancellation of the limit order was $38.59. When...
(a) Imagine that you have placed a limit order to 100 shares of Sallisaw Tool at...
(a) Imagine that you have placed a limit order to 100 shares of Sallisaw Tool at a price of $38, although the stock is currently selling for $41. Discuss the consequences, if any, of each of the following situations. (i) The stock price drops to $39 per share two months before cancellation of the limit order. (ii) The stock price drops to $38 per share (iii) The minimum stock price achieved before cancellation of the limit order was $38.50. When...
Consider the following information on the specialists limit orders, (NOTE: All limits are orders for 100...
Consider the following information on the specialists limit orders, (NOTE: All limits are orders for 100 shares) Bid Ask 32 33.5 31.8 33.65 31.5 33.80 Assume the specialist receives your order to buy 100 shares and matches the order to her limit book. What is the new bid/ask price after your purchase? A) Bid 32/ Ask 33 B) Bid 31.8/ Ask 33.5 C) Bid 31.8/ Ask 33.65 D) Bid 32/ Ask 33.65
Any help is appreciated! Problem 1 Assume that the limit order book is as shown in...
Any help is appreciated!
Problem 1 Assume that the limit order book is as shown in the table below. 1) What is the bid-ask spread in cents and basis points of the mid price? 2) If you buy 100 shares with a market order, an immediately sell them also with a market order, what is your P&L? 3) A limit order to buy 150 shares at $34.50 arrives in the market. What transactions occur, and what is the resulting bid-ask...
The following is an order book for News Corp shares. Consider the case where there is...
The following is an order book for News Corp shares. Consider
the case where there is a limit buy order for 650 shares at $16.59,
followed by a limit sell order for 600 shares at $16.55. Based on
this information, which of the following statements is correct?
Select one answer and give reasons for each:
a) After the initial limit buy order, there will be 150 shares
at $16.59 on the bid side of the order book.
b) The subsequent...
13. An exchange limit order book looks like this: Bid $98.50 $98.00 $97.50 If an investor places a limit sell order for 50 shares at a price of $100, at what price will they be filled? a. $99.50 Size 100 50 100 Ask 599.50 $100.25 5100.75 100 150 50 b. $98.50 c. They will not be filled d. $100.00
magine that you have placed a limit order to buy 100 shares of Sallisaw Tool at a price of $39.00, although the stock is currently selling for $41.93. Discuss the consequences, if any, of each of the following situations. a. The stock price drops to $40.17 per share 2 months before cancellation of the limit order b. The stock price drops to $39.00 per share. c. The minimum stock price achieved before cancellation of the limit order was $39.64. When...
Imagine that you have placed a limit order to buy 100 shares of Sallisaw Tool at a price of $38.00, although the stock is currently selling for $39.92. Discuss the consequences, if any, of each of the following situations a. The stock price drops to $39.11 per share 2 months before cancellation of the limit order. b. The stock price drops to $38.00 per share. c. The minimum stock price achieved before cancellation of the limit order was $38.53. When...
magine that you have placed a limit order to buy 100 shares of Sallisaw Tool at a price of $38.00, although the stock is currently selling for $39.77. Discuss the consequences, if any, of each of the following situations. a. The stock price drops to $39.22 per share 2 months before cancellation of the limit order b. The stock price drops to S38.00 per share. c. The minimum stock price achieved before cancellation of the limit order was $38.59. When...
Any help is appreciated!
Problem 1 Assume that the limit order book is as shown in the table below. 1) What is the bid-ask spread in cents and basis points of the mid price? 2) If you buy 100 shares with a market order, an immediately sell them also with a market order, what is your P&L? 3) A limit order to buy 150 shares at $34.50 arrives in the market. What transactions occur, and what is the resulting bid-ask...
The following is an order book for News Corp shares. Consider
the case where there is a limit buy order for 650 shares at $16.59,
followed by a limit sell order for 600 shares at $16.55. Based on
this information, which of the following statements is correct?
Select one answer and give reasons for each:
a) After the initial limit buy order, there will be 150 shares
at $16.59 on the bid side of the order book.
b) The subsequent...
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