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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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