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The bid sides of the book at three exchanges are: price Exchange A Exchange B Exchange C Shares Shares Displayed hidden Shares Displayed 10.49
The bid sides of the book at three exchanges are: price Exchange A Exchange B Exchange C Shares Shares Displayed hidden Shares Displayed 10.49 100 700 100 Shares hidden. 2000 Shares Displayed Shares hidden 10.48 200 100 200 200 10.47 400 500 200 400 10.46 700 1000 10.45 800 200 2000 A trader simultaneously sends the following sell orders, all with limit prices of 10.46, all marked ISO:Isell 800 to A, sell 2000 to B, sell 500 to C. What executions occur?
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
