Question: Question 2 (10 points) Sand Ticker IBS is traded on the Pacific, Gulf and Atlantic stuck Exchanges. The sequence of Inds in the consolidated

Question 2 (10 points) Sand Ticker IBS is traded on the Pacific, Gulf and Atlantic stuck Exchanges. The sequence of Inds in the consolidated record is: Timo Exchange Bto 10:00.01 Atlantu 23.33 10:00.02 Pacific 23.32 10:00:03 Gulf 23.34 10:00.04 Pacific 23.40 10:00.05 Gulf 23.45 10:00.06 Pacifi 23.44 10:00:07 Albule 23.43 10:00:08 Gulf 25:40 Assume that each bid on every ago is for 100 shares. At 10:00:04, the Gulf exchange receives a limit sell order for 200 shares at 23.30. Will the or be executed? If so, identify the exchanges that are involved in the execution of as order.

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