Considering a mid-pegged order to buy submitted at 11:00 and the market condition as summarized in below

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Considering a mid-pegged order to buy submitted at 11:00 and the market condition as summarized in below table, when is the order repriced?

Time	Bid	Offer
11:00	52.00	52.02
11:01	52.00	52.02
11:02	52.01	52.03
11:03	52.00	52.04
11:05	52.02	52.05

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Posted Date: Mar 14, 2024 03:51 PM

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Considering a mid-pegged order to buy submitted at 11:00 and the market condition as summarized in below

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In a midpegged order the price of the order is determined as the midpoint between the bid and offer ... View the full answer

Intermediate Accounting

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