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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 limit order to sell 8,000 shares at the price of $140.27 per share. At what price and quantity is your order executed?

4500 shares at $140.25/share and 3500 shares at $140.24/share

2500 shares at $140.26/share

The order is not executed.

8000 shares at $140.25/share

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