$\quad$ $\quad$ $\quad$

$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { ABC Limited: Order book }$
$\begin{array}{l}\begin{array}{|c|c|r|r|}\hline \begin{array}{c}\text { Price } \\\text { (to buy) }\end{array} & \begin{array}{c}\text { Quantity } \\\text { (to buy) }\end{array} & \begin{array}{c}\text { Price } \\\text { (to sell) }\end{array} & \begin{array}{c}\text { Quantity } \\\text { (to sell) }\end{array} \\\hline \$ 1.00 & 50000 & \$ 1.10 & 25000 \\\hline \$ 0.90 & 25000 & \$ 1.20 & 50000 \\\hline \$ 0.80 & 50000 & \$ 1.30 & 100000 \\\hline\end{array}\end{array}$
-Given the order book for ABC Limited,suppose a limit order arrives to buy 1000 shares at $1.05.At what price will the trade occur? (Assume no new orders arrive after the limit order. )

A) $\$ 0.80$
B) $\$ 1.00$
C) $\$1.10$
D) $\text { IJncertain as nn trade will nccun }$

Correct Answer:

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