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1. The current bid and ask prices for MSFT are (5 points): Describe the outcome in the cases below when these orders are entered. The

image text in transcribedimage text in transcribed 1. The current bid and ask prices for MSFT are (5 points): Describe the outcome in the cases below when these orders are entered. The situations are independent (i.e., do not follow one another). 1.1 A limit order to sell 100 shares with a limit price of 334.23 . 1.2 A limit order to sell 100 shares with a limit price of 334.20. 1.3 A limit order to sell 100 shares with a limit price of 334.24. 2. Rank these orders from the most to least aggressive, when the existing bid price in the market is $35.10 and the ask price is $35.13 (5 points): Problem 4.2 Constructing the book. Under price-visibility-time priority, build the offer side of the book from the following sell orders

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