8. The limit-order book for a security is as follows: Unfilled Limit Orders Buy Orders Sell Orders...
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8. The limit-order book for a security is as follows:
Unfilled Limit Orders Buy Orders Sell Orders 25.12 100 25.36 300 25.20 500 25.38 200 25.23 200 25.41 200 The 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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Related Book For
Financial Markets And Institutions
ISBN: 9780134519265
9th Edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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