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QUESTION 15 The state of the book at 10:59am is: Trader Sequence Irina 5 Gina 2 Esteban 1 Alice 3 Sell Dmitri 4 Price 15.30

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QUESTION 15 The state of the book at 10:59am is: Trader Sequence Irina 5 Gina 2 Esteban 1 Alice 3 Sell Dmitri 4 Price 15.30 15.20 15.10 15.09 15.08 Quantity 1,000 500 100 1200 300 15.03 2 1 3 4 400 300 200 14.52 Buy Bruce 15.05 Hans Cho 15.02 Frank 15.00 300 ling 12,000 At 11:00 am Peter submits an order: Sell 400 shares, limit 15.08. What's the best bid and offer (BBO) after Peter's order is submitted? O a. The market is 15.05 bid for 400 shares, 300 shares offered at 15.08. O b. The market is 15.05 bid for 400 shares, 700 shares offered at 15.08. The market is 15.03 bid for 300 shares, 300 shares offered at 15.08. O d. None of the above

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