Question
Consider the following limit order book for AAPL shares: Bid Ask Price Quantity Price Quantity 140.25 4500 140.26 2500 140.24 5000 140.27 6800 140.23 12000
Consider the following limit order book for AAPL shares:
| Bid | Ask | ||
| Price | Quantity | Price | Quantity |
| 140.25 | 4500 | 140.26 | 2500 |
| 140.24 | 5000 | 140.27 | 6800 |
| 140.23 | 12000 | 140.28 | 10000 |
| 140.22 | 7000 | 140.29 | 12000 |
You place a new market order to buy 4000 shares. At what price and quantity is your order executed?
| 2500 shares at $140.26/share and 1500 shares at $140.27/share | ||
| 4000 shares at $140.25/share | ||
| 4000 shares at $140.24/share | ||
| The order is not executed |
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Ethics In Finance
Authors: John R. Boatright
3rd Edition
1118615824, 978-1118615829
