Explain the result

48 Multiple Choice 1 point A trader places a limit order to buy shares at a price of $49.94 with the stock trading at a market bid price of $49.49 and the bid- ask spread of 0.7%. The order will most likely be filled at: A. $49.49. O B. $49.84. X O C. $49.94. Correct B. $49.84. Answer: Feedback Based on your answer Incorrect. The order limit of $49.94 is larger than the market ask price and accordingly the order will be filled at the market ask price (i.e, $49.84) and not the limit order price