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Please help me check this number. Thank you so much! Suppose the following orders are received by an exchange for Cisco stock: Limit Order: Buy

Please help me check this number. Thank you so much! image text in transcribed
Suppose the following orders are received by an exchange for Cisco stock: Limit Order: Buy 200 shares at $25 20 Limit Order: Sell 200 shares at $26.00 Limit Order: Sell 100 shares at $25.70 Limit Order: Buy 100 shares at $25.40 a. What are the best bid and ask prices for Cisco stock b. What is the current bid-ask spread for Cisco stock? c. Suppose a market order arrives to buy 200 shares of Cisco What average price will the buyer pay? d. After the market order in (c) clears, what are the new best bid and ask prices, and what is the new bid-ask spread for Cisco? a. What are the best bid and ask prices for Cisco stock? (Select the best choice below.) A. The best bid price is: Limit Order Buy 100 shares at 525.40, while the best ask price is: Limit Order Sell 100 shares at $25.70 OB. The best bid price is: Limit Order. Buy 200 shares at $25 20: while the best ask price is Limit Order: Sell 100 shares at $25.70. OC. The best bid price is: Limit Order Buy 100 shares at $25.40, while the best ask price is: Limit Order: Sell 200 shares at $26.00 OD. The best bid price is: Limit Order Sell 100 shares at $25.70; while the best ask price is: Limit Order: Buy 100 shares at $25 40 b. What is the current bid-ask spread for Cisco stock? The current bid-ask spread is $0.3 (Round to the nearest cent.) c. Suppose a market order arrives to buy 200 shares of Cisco What average price will the buyer pay? The average price will be $ 25.85 (Round to three decimal places.) d. After the market order in (e) clears, what are the new best bid and ask prices, and what is the new bid-ask spread for Cisco? (Select the best choice below.) O A. The best bid price is: Limit Order Buy 100 shares at $25.40, while the best ask price is: Limit Order: Sel 100 shares at $25.70. The new bid-ask spread is $0.30 OB. The best bid price is: Limit Order. Buy 100 shares at $25.40, while the best ask price is: Limit Order: Sell 100 shares at $26.00. The new bid-ask spread is $0.60. OC. The best bid price is: Limit Order Buy 200 shares at $25 20: while the best ask price is Limit Order: Sell 100 shares at $26.00. The new bid-ask spread is $0.30. OD. The best bid price is Limit Order Sell 100 shares at $26.00, while the best ask price is: Limit Order Buy 100 shares at $25.40. The new bid-ask spread is $0.60

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