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8. (7 points) Consider the limit order book shown below for the stock of XYZ Corp., an illiquid small cap tech firm. Use this information
8. (7 points) Consider the limit order book shown below for the stock of XYZ Corp., an illiquid small cap tech firm. Use this information to answer the following questions. Assuming the orders shown are the only orders in the market, describe the most likely outcome for each of the orders below. If the order is executed, describe the shares executed, the execution price, and the order against which it executes. If the order is not executed, describe its placement relative to the existing orders. a) An investor submits a market order to buy 400 shares of XYZ stock. b) After the order in part (a) is processed, a second investor submits a limit order to sell 100 shares of XYZ at a price of $16.40
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