Question

The order book has two 200 share bids at $74.50 and two 300 share offers at...

The order book has two 200 share bids at $74.50 and two 300 share offers at $75.15.

Describe what happens if: You enter a market order to sell 300 shares.

Group of answer choices

Sell at 75.15 to receive 22,545

Sell at 74.50 to receive 22,350

Not executed; Entered on the Ask side

Not executed; Entered on the Bid side

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Answer #1

MARKET ORDER TO SELL : means immediate sale at available price which implies the bid rate = 74.50

so all 300 share sold at market implies that 300 shares will be sold at 74.50

and will receive = 22350

Answer : Sell at 74.50 to receive 22,350 [Thumbs up please]

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