Question: a) You have been provided with the order book for Apollo Ltd, from which you have extracted the following data: Bid Ask Price Size

a) You have been provided with the order book for Apollo Ltd, from which you have extracted the following data: Bid Ask Price Size Price Size $24.88 1000 $25.25 200 $24.75 1600 $25.75 200 $24.63 1000 $27.38 600 $24.50 400 $29.13 200 $24.25 1200 i) In words, define the inside spread, and calculate the inside spread for Apollo Ltd. (1 Mark) ii) A market order arrives to sell 2700 shares in Apollo Ltd. How much will the investor receive in total for the shares? (2 Marks) iii) In words, explain what would happen if the investor instead placed a limit order to sell the 2700 shares for $25.10 each. (1 Mark)

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