Question

Below is a limit order book. The next market sell order (for 200 shares) will receive...

Below is a limit order book. The next market sell order (for 200 shares) will receive the price...

limit buy limit sell
Price shares price shares
38.15 200 38.32 400
38.05 500 38.46 100
37.96 300 38.75 600

37.96

38.75

38.32

38.15

0 0
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Answer #1

Answer: Correct answer is 38.15.
The next market sell order for 200 shares will get the highest buy price available in the market. So, the sell order will be executed at a price equal to 38.15 for which the buy order quantity is also 200 shares.

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