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Consider the Following Limit Order Book of a Specialist

Question 82

Multiple Choice

Consider the following limit order book of a specialist.The last trade in the stock occurred at a price of $40.If a market buy order for 100 shares comes in,at what price will it be filled? Consider the following limit order book of a specialist.The last trade in the stock 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


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

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