The table below shows the price information on Stock $x.$ Assume Stock $x$ trades in a dealer market and you are an investor who wants to trade Stock $x.$

A$.$ Assume you have submitted an order to

your broker to buy at market $($a market buy

order$).$ At what price will your order be

executed?

B$.$ Assume you have submitted an order to

your broker to sell at market $($a market sell

order$).$ At what price will your order be

executed?

C$.$ Assume you have submitted a limit order

to sell $($a limit sell order$)$ at $$45\mathrm{.}50.$ What will

happen?

D$.$ Assume you have submitted a limit order

to buy $($a limit buy order$)$ at $$45\mathrm{.}25.$ What will

happen?

$$ Choose...

$$45\mathrm{.}25$

Your order will be executed because the asked price equals the price specified in the limit$-$buy order.

Your order will NOT be executed because the bid price is lower than the price specified in the limit sell order.

$$45\mathrm{.}00$

$$45\mathrm{.}50$

Your order will NOT be executed because the asked price is higher than the price specified in the limit$-$buy order.

Your order will be executed because the bid price is higher than the price specified in the limit sell order.