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QUESTION 11 1. The state of the book at 10:59am is: Trader Sequence Price Quantity Irina Gina Esteban 5 15.30 1.000 15.20 15.10 15.09 15.08

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QUESTION 11 1. The state of the book at 10:59am is: Trader Sequence Price Quantity Irina Gina Esteban 5 15.30 1.000 15.20 15.10 15.09 15.08 500 100 200 300 Alice 3 SellDmitri4 Buy Bruce Hans Cho Frank ing 15.05 15.03 15.02 15.00 14.52 400 300 200 300 2,000 TAt 11:00am Peter submits an order: Sell 400 shares, limit 15.08. What's the best bid and offer (BBO) after Peter's order is submitted? a. The market is 15.05 bid for 400 shares, 300 shares offered at 15.08. C .The market is 15.05 bid for 400 shares, 700 shares offered at 15.08. CThe market is 15.03 bid for 300 shares, 300 shares offered at 15.08. C d. None ofthe above. 5.357 points

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