Consider the following market depth information for Fosters Group Ltd: (a)What would be the outcome if you placed an at-market order to sell 3000 Fosters shares?
(b)How much would you pay to buy 5000 Fosters shares 'at-market'?
(c)Explain what would happen to the order queue after the transactions in (a)and (b), assuming no other changes.(d)Explain what would happen to your order if you placed an order to sell 1500 Fosters shares at $5.78 (assuming the transactions in (a)and (b)do not take place).

Question

Consider the following market depth information for Fosters Group Ltd:  (a)What would be the outcome if you placed an at-market order to sell 3000 Fosters shares?
(b)How much would you pay to buy 5000 Fosters shares 'at-market'?
(c)Explain what would happen to the order queue after the transactions in (a)and (b), assuming no other changes.(d)Explain what would happen to your order if you placed an order to sell 1500 Fosters shares at $5.78 (assuming the transactions in (a)and (b)do not take place).

Quizplus · Accepted Answer

The Answer of Consider the following market depth information for Fosters Group Ltd:  (a)What would be the outcome if you placed an at-market order to sell 3000 Fosters shares?
(b)How much would you pay to buy 5000 Fosters shares 'at-market'?
(c)Explain what would happen to the order queue after the transactions in (a)and (b), assuming no other changes.(d)Explain what would happen to your order if you placed an order to sell 1500 Fosters shares at $5.78 (assuming the transactions in (a)and (b)do not take place).

Consider the Following Market Depth Information for Fosters Group Ltd