Question: Consider a hypothetical NASDAQ level 1 screen for the shares of a corporation. Suppose the displayed ask is $30.05 for 100 shares and the displayed

Consider a hypothetical NASDAQ level 1 screen for the shares of a corporation. Suppose the displayed ask is $30.05 for 100 shares and the displayed bid is $30.00 for 250 shares. What happens if another dealer places a limit order to buy 50 shares for $30.03? There will be a transaction of 50 shares at $30.05. There will be no transaction. O There will be a transaction of 100 shares at $30.05. O There will be a transaction of 50 shares at $30.00. a Consider a hypothetical NASDAQ level 1 screen for the shares of a corporation. Suppose the displayed ask is $30.05 for 100 shares and the displayed bid is $30.00 for 250 shares. What happens if another dealer places a limit order to buy 50 shares for $30.03? There will be a transaction of 50 shares at $30.05. There will be no transaction. O There will be a transaction of 100 shares at $30.05. O There will be a transaction of 50 shares at $30.00. a

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