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D) 11.38% 10. Consider the following limit order book of a specialist. The last trade in the stock occurred at a price of $40. Limit

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D) 11.38% 10. Consider the following limit order book of a specialist. The last trade in the stock occurred at a price of $40. Limit Buy Orders Limit Sell Orders Price Shares Price Shares $39.75 100 $40.25 100 $39.50 100 $40.50 100 If a market buy order for 100 shares comes in, at what price will it be filled? A) $39.75 B) $40.25 C) $40.375 D) $40.50 Page 3 O Focus 15 English (United States) bm 30 SP + & $ 8 0 7 2 3 4 6 5 0 W E Y R U T H K . S G F. D

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