The limit order book for a security is as follows: The specialist receives the following, in order:
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The limit order book for a security is as follows: The specialist receives the following, in order:
â— Market order to sell 300 shares
â— Limit order to buy 100 shares at 25.38
â— Limit order to buy 500 shares at 25.30
How, if at all, are these orders filled? What does the limit order book look like after these orders?
Amazon.com issued an initial public offering in May 1997.
Prior to its IPO, the following information on shares outstanding was listed in the final prospectus:
In the IPO, the firm issued 3,000,000 new shares. The initial price was $18.00/share with investment bankers retaining $1.26 as fees. The final first-day closing price was$23.50.
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Financial Markets And Institutions
ISBN: 978-0132136839
7th Edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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