Questions

$(2$pt$)$ Consider the "Initial LOB" in Figure $1$ where the last execution price is $$114.$

You placed a stop limit buy order for $20$ shares with bid price $$118$ and stop price

$$117.$ Subsequently, a market buy order for $20$ shares arrived at the market. Which

one of the LOBs $($a$)-($d$)$ in Figure $1$ appropriately describes the post$-$trade state?

Figure $1$: Figure for Q$1$

$($a$)$

$??$

$($c$)$

$($b$)$

$($d$)$

$($a$)($a$)$

$($b$)($b$)$

$($c$)($c$)$

$($d$)($d$)$

$($e$)$ None of the answers are correct