Consider the following limit order book for a share of stock. The last trade in the...
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Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $55 Limit Buy Orders Limit Sell Orders. Price Shares Price Shares $54,75 400 $54.80 150 $54.70 700 $54.85 150 $54.65 400 $54.90 300 $54.60 200 $54.95 150 If two market orders for 150 shares arrive and the first one is filled, at what price will the second market buy order be filled?. Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $55 Limit Buy Orders Limit Sell Orders. Price Shares Price Shares $54,75 400 $54.80 150 $54.70 700 $54.85 150 $54.65 400 $54.90 300 $54.60 200 $54.95 150 If two market orders for 150 shares arrive and the first one is filled, at what price will the second market buy order be filled?.
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