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Consider the Following Limit Order Book of a Specialist

Question 6

Multiple Choice

Consider the following limit order book of a specialist. The last trade in the share occurred at a price of $40. Consider the following limit order book of a specialist. The last trade in the share occurred at a price of $40. If a market buy order for 100 shares comes in, at what price will it be filled? A) $39.75 B) $40.25 C) $40.375 D) $40.25 or less If a market buy order for 100 shares comes in, at what price will it be filled?


A) $39.75
B) $40.25
C) $40.375
D) $40.25 or less

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