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Will only upvote immediately if answered before 8 PM. Use the following information about the Specialist's book to answer the next 2 questions. Here is
Will only upvote immediately if answered before 8 PM.
Use the following information about the Specialist's book to answer the next 2 questions. Here is the specialist's limit-order book, the current bid/ask spread is 28.87 / 29.12. Limit - Buy Orders Limit-Sell Orders Price #shares Price #shares $28.75 900 29.25 200 28.63 800 29.375 100 28.50 900 29.50 200 28.37 700 29.75 100 If a market sell order for 200 shares comes in, and the specialist buys only 100 shares, the second round lot will be filled at $28.75 $29.25 $29.125 $29.375 Given the specialist's book and assuming random order-flow, the specialist is motivated to take a inventory position in this stock. long short closed neutral Step by Step Solution
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