An order book displays the following information Sell Orders Buy Orders Price Price $18.15 $ 18.17 $ 18.14 $ 18.18 $ 18.14 $ 18.19 You place a market order to sell 500 shares. What is the total you will receive for your order? Shares 200 300 100 Multiple Choice O O $9.072 $9070 $9.085 $9.075 59:090 Shares 100 500 100

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ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
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Chapter11: Investment Planning
Section: Chapter Questions
Problem 4FPE
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Nikul 

An order book displays the following information:
Buy Orders
Shares
200
300
O
Price
$ 18.17
$18.18
$ 18.19
100 $ 18.14
You place a market order to sell 500 shares. What is the total you will receive for your order?
Multiple Choice
O
O
Price
$18.15
O
O
$ 18.14 500
100
$9.072
$9.070
$9.085
Sell Orders
$9.075
Shares
100
$9.090
Transcribed Image Text:An order book displays the following information: Buy Orders Shares 200 300 O Price $ 18.17 $18.18 $ 18.19 100 $ 18.14 You place a market order to sell 500 shares. What is the total you will receive for your order? Multiple Choice O O Price $18.15 O O $ 18.14 500 100 $9.072 $9.070 $9.085 Sell Orders $9.075 Shares 100 $9.090
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