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The NBBO for ACME common stock is 500 shares bid for at $52.30 and 600 shares offered at $52.42. The probability that a limit order
The NBBO for ACME common stock is 500 shares bid for at $52.30 and 600 shares offered at $52.42. The probability that a limit order to purchase 800 shares at a price of $52.42 is filled when it arrives in the marketplace is the probability that a limit order to purchase 800 shares at a price of $52.45 is filled when it arrives in the marketplace. Note: Assume both scenarios are independent and either one or the other can occur. lower than B the same as (C) higher than (D) impossible to tell
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