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A limit order only executes at the stated price or better. A trader places two BUY limit orders on the same stock. One order is

A limit order only executes at the stated price or better. A trader places two BUY limit orders on the same stock. One order is placed at $30.15 per share and has a 20 percent probability of executing before the end of the day. The second order is placed at $30.10 and has a 15 percent probability of executing before the exchange closes. The probability that the $30.10 order executes, given that the $30.15 order has already executed, is closest to:

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A. 75 percent.

B. 25 percent.

C. 3 percent.

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