Question

Consider the following limit order book for the stock of Delta Airlines. This order book will be used from question #3 to #7.

  1. At what price would the next market sell order for 100 shares be filled?
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Answer #1

Look at the Limit Buy Orders if you need to sell your shares at the market price.

In the market, there is a limit buy order to buy 500 shares at $49.75. So, we can sell our 100 shares at this price.

Our market sell order for 100 shares will be filled at $49.75

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