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QUESTION 5 A market receives the following sell orders. How are they ranked? That is, in what order will they be executed (1=first, 2=second, ...,
QUESTION 5 A market receives the following sell orders. How are they ranked? That is, in what order will they be executed (1=first, 2=second, ..., 5=last)? Write your answer in the column "Rank". The exchange ranks orders using price-time priority Rank Direction Price Trader Time 9:30:00 Quantity 200 Sell $50.50 Steve Sell $50.70 9:30:05 100 Rick Sell $50.50 9:30:08 400 Nick Sell $50.90 9:30:12 200 Andrea Sell $50.90 9:30:15 700 Christine
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