8. The limit order book for a security is as follows: The specialist receives the following, in...

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8. The limit order book for a security is as follows:

image text in transcribedThe specialist receives the following, in order: Market order to sell 300 shares Limit order to buy 100 shares at 25.38 Limit order to buy 500 shares at 25.30 How, if at all, are these orders filled? What does the limit order book look like after these orders?

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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