Question: Answer the following question using this order book: Order Book Example Buy Orders (Bids) Sell Orders (Asks) Amount Price Amount Price 63 $42.15 3 $42.16
Answer the following question using this order book:
Order Book Example
Buy Orders (Bids) Sell Orders (Asks)
Amount Price Amount Price
63 $42.15 3 $42.16
36 $42.12 68 $42.22
112 $41.99 113 $42.25
3 $41.88 9 $42.44
What is the spread for this security after an investor submits a sell order for 185 shares at $41.87?
a.)0.01
b.) 0.29
c.)0.28
d.)0.17
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