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QUESTION 2 The state of the book at 10:59am is: Trader Sequence Irina 5 Gina 12 Esteban 1 Alice 3 Sell Dmitri 4 Price 15.30

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QUESTION 2 The state of the book at 10:59am is: Trader Sequence Irina 5 Gina 12 Esteban 1 Alice 3 Sell Dmitri 4 Price 15.30 15.20 15.10 15.09 15.08 Quantity 1.000 500 100 200 300 15.03 2 1 3 4 5 400 300 200 14.52 Buy Bruce 15.05 Hans Cho 15.02 Frank 15.00 300 ling 2.000 At 11:00 am Peter submits an order: Buy 500 shares, limit 15.08, FOK. 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. O b. The market is 15.05 bid for 400 shares, 200 shares offered at 15.09. O C. The market is 15.03 bid for 300 shares, 300 shares offered at 15.08. O d. None of the above

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