Question: 1. The current bid and ask prices for MSFT are (5 points): Describe the outcome in the cases below when these orders are entered. The

 1. The current bid and ask prices for MSFT are (5points): Describe the outcome in the cases below when these orders are

1. The current bid and ask prices for MSFT are (5 points): Describe the outcome in the cases below when these orders are entered. The situations are independent (i.e., do not follow one another). 1.1 A limit order to sell 100 shares with a limit price of 334.23 . 1.2 A limit order to sell 100 shares with a limit price of 334.20. 1.3 A limit order to sell 100 shares with a limit price of 334.24. 2. Rank these orders from the most to least aggressive, when the existing bid price in the market is $35.10 and the ask price is $35.13 (5 points): Problem 4.2 Constructing the book. Under price-visibility-time priority, build the offer side of the book from the following sell orders

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