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2. Below is a snapshot of Apple's electronic limit order book. AAPL 220.79-1.36 (-0.61%) Bid Ask MM Name Price Size MM Name Price Size IEX
2. Below is a snapshot of Apple's electronic limit order book. AAPL 220.79-1.36 (-0.61%) Bid Ask MM Name Price Size MM Name Price Size IEX 32 220.77 DRCTEDGE 220.73 219.66 217.40 1 DRCTEDGE 220.80 220.80 220.99 222.25 1 IEX EDGE BYX BYX 3 1 EDGEA a. At what price would a market order to sell 400 shares of Apple be filled? b. Based on this snapshot, would you consider the market for Apple shares liquid? Why or why not? 2. Below is a snapshot of Apple's electronic limit order book. AAPL 220.79-1.36 (-0.61%) Bid Ask MM Name Price Size MM Name Price Size IEX 32 220.77 DRCTEDGE 220.73 219.66 217.40 1 DRCTEDGE 220.80 220.80 220.99 222.25 1 IEX EDGE BYX BYX 3 1 EDGEA a. At what price would a market order to sell 400 shares of Apple be filled? b. Based on this snapshot, would you consider the market for Apple shares liquid? Why or why not
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