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Sam is considering the following limit order book of a specialist. The last trade in the stock occurred at a price of $40. If a

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Sam is considering the following limit order book of a specialist. The last trade in the stock occurred at a price of $40. If a market buy order for 100 shares comes in, at what price will it be filled?* Orders Share: Limit Buy Price $39.75 Orders Shares 100 Limit Sell Orders $40.25 100 $39.50 100 $40.50 100

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